Payouts overview
Kwik provides an efficient way to manage payouts.
On the Payouts Overview page, you can view your complete payout history. Additionally, you'll have access to detailed reports and invoices for each payout, which can be downloaded in Excel format by selecting the three-dot action icon next to the payout you want to analyse.
Below is an explanation of how payouts work and the associated terms.
Quickly request payouts with transparent fees and processing details. You have full control over your payouts—you can decide when and how many payout requests to make each month.
To request a payout
Navigate to your Account Summary on your Home page or to Account Payouts in your menu and click the Request Payout button.
Confirm the payout request.
Your complete available balance will be paid out, minus the 10% retained amount.
You will be able to download your invoice and the report of the payout in Excel format by clicking on the three-dot action icon and selecting what you would like to download.
Retained amount
The retained amount (10%) of the monthly premium will remain in your account at all times as a security deposit.
This deposit will be automatically adjusted each month based on the monthly transaction amounts to accommodate business growth and adhere to PASA’s rules.
Payout timing
Standard payouts will be processed and made available after a period of four (4) business days from a transaction date.
This retention period is to accommodate any unpaid transactions or disputes that may arise during this time.
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