What is a payout?
A payout is the funds transferred from Wave to your bank account after an invoice payment. A payout equals the total customer payments minus any processing fees and instant payouts. If you receive multiple invoice payments at the same time, the payments will appear on the same payout as a lump sum.
View your payouts
To view your payouts:
- Log in to waveapps.com.
- On the left-side menu, click Banking > Payouts.
- Click a payout to see a breakdown of which invoice payments are included and the total processing fees deducted. This breakdown will confirm if the payout is a batched payout containing multiple invoice payments.
When a payout is deposited to your bank account, the transaction description on your bank statement will often include the descriptor "WAVE SV9T".
A payout can occasionally show as a negative amount due to Wave withdrawing funds for refunds issued and chargebacks from customers.