What is Daily Payout? How does it work?

The Daily Payout from SellersFi is a way to keep your cash flow moving when marketplace payouts take longer than you’d like. Rather than waiting for the end of your sales cycle, the Daily Payout advances a percentage of your sales revenue into your account the next business day. This product is available to entities incorporated in the US and makes payouts in USD.

Example Proposal for illustration purposes only:  

Daily Payout Rate: 85%

Advance Fee Rate: 1%

Purchase Limit: $40,000

Daily Payout Rate: This is the percentage of your eligible sales revenue that will be deposited into your designated bank account each business day.

Advance Fee Rate: This is the daily fee for using the Daily Payout product, expressed as a percentage.

Purchase Limit: This is the maximum outstanding balance you can carry at any given time. It’s designed to help protect your business’s financial health and reduce risk.

Your Purchase Limit is determined by several factors, including:

• Store performance
• Sales velocity
• Gross and net sales
• Customer retention
• Seasonality

This limit is reviewed regularly and may be adjusted in our discretion as your business grows or changes.

Simulation with the Example Proposal terms for illustration purposes only:

Daily Gross Shipped Sales: $ 1,000

All Fees: $ -250.00

Net Sales: $ 750.00

Daily Payment Amount (85%): $ 637.50

Advance Fee (1%): $ 10.00

Daily Gross Shipped Sales: Total value of all orders shipped the previous day.

All Fees: Includes returns, holds, and any negative net sales. These are calculated daily.

Daily Payment Amount: The amount you receive in your bank account each business day, based on the Daily Payout Rate.

Advance Fee: The daily cost of using the Daily Payout product.

Additionally, if you have more questions, you can contact us at customerservice@sellersfi.com