Payout Reconciliation
Payout reconciliation is the process of matching outgoing payments to vendors, sellers, or partners against internal records to verify accuracy and completeness of disbursements.
Key Details
- Essential for marketplaces that distribute funds to sellers after transactions
- Verifies that PSP settlement payouts match expected amounts after fees
- Tracks timing differences between payment initiation and bank clearing
- Ensures compliance with contractual payout terms and schedules