What are Payout Batches?

In a marketplace you collect the money from shoppers and later pay each seller their share, minus your commission. Payout Batches lets you pay many sellers in one go: pick a period (for example last week), and CartWhizz works out what each seller is owed for it and puts them all in one batch.

What a batch shows

• each seller's Gross Amount (their sales), your Commission, and the Net Amount to pay them;
• the number of orders;
• the seller's bank details (Payment Info) as they were when the batch was made;
• totals for the whole batch.

What you do with it. You make the transfers yourself in your bank's portal (NEFT/RTGS/IMPS or the bank's bulk payment upload), then mark the batch Completed. CartWhizz then marks those commissions as paid and records a payout for each seller.

What it does not do

• It does not move money or connect to your bank.
• It does not create a bank upload file. You type or copy the amounts and bank details into your bank's bulk-payment format.
• It does not deduct TDS. Work that out with your accountant.

It needs Vendor Payouts and is for marketplace stores only.