Once you've chosen one bank account as your designated collection account, the next step is to update your marketplace deposit account to ensure that payouts are directed to this designated account.
This arrangement, after written authorization for SellersFi to do so, allows SellersFi to deduct the agreed-upon percentage (as outlined in your Commerce Pay proposal) every time you receive a marketplace payout.
Since SellersFi only collects a percentage of the marketplace deposit, the remaining amount is, of course, yours.
You can easily review your outstanding balance on the Commerce Pay product page.
You can access the product page by clicking on the “View” button on the Commerce Pay Dashboard card:
Or by clicking on Commerce Pay product on the menu:
You can access the payment history details by clicking on the Reference Number: