You provided your services and got lots of payments from your clients. You have the balance in your Schemon account, how do you receive your money? With payouts, of course. You can opt different payout methods, intervals and triggers to get paid. All your payouts are linked with invoices and appropriate taxing is handled for you.
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You can get payouts via bank transfers, ACH or wire transfer to get paid directly to your bank accounts. You can also use the Schemon virtual card to get payments from your physical POS device directly if you are already using one.
You can receive payouts periodically each day, every two weeks or monthly.
Payouts can be triggered according to standard periodic intervals.
You can also opt to receive payouts depending on your total balance or even on the total number of customers served.
This depends on your settings and you can change these settings anytime you like.
Every payout has different commission rates and amounts depending on the payout methods, amounts, speed and frequencies.
Schemon is transparent about all costs, including Schemon's own fees, and always shows you the different options to choose from.
All payments and payouts are documented according to laws in your region. You can keep track of the history of all payments and payouts as well as their respective documents.
This is also true for taxation. Depeding on your status and region, we calculate taxes for your and act on them as the local laws permit.
Payouts are supported in the Freelancer Plan except daily and bi-weekly payouts.
Payouts are supported in the Business Plan except daily payouts.
Payouts are fully supported in the Enterprise Plan.
