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Understanding Your Payouts
Why should I schedule my payouts to lower transaction fees?
Why should I schedule my payouts to lower transaction fees?
Daniele avatar
Written by Daniele
Updated over a week ago

For cash-intensive businesses that require capital to consistently stock digital products, scheduling payouts wouldn’t be the best option for your specific case. However, for the bulk of businesses that aren’t cash-intensive, we strongly recommend scheduling your crypto payouts on a weekly/monthly basis.

  • For weekly payouts, these payouts will land on the crypto address you set through your Sellix cryptocurrency settings each Sunday at 00:00 UTC.

  • For monthly payouts, these payouts will land on the crypto address you set through your Sellix cryptocurrency settings on the last day of each calendar month at 00:00 UTC.

While Sellix does not earn interest on any payments for scheduled payouts, we store these cryptocurrencies in the form of assets BTC/ETH and not in USD/EURO. This means that Sellix also is not responsible for any market shifts, as you'll receive the payout in the form of its respective cryptocurrency (ex. 0.0025 BTC and not $68.00 USD).

Sometimes crypto payouts may fail. Usually, this is because there is an issue with the wallet address that you have on file. When a payout fails, you will receive an email from Sellix. Until the issue with your wallet, the payment, or its status is resolved, a hold will be placed on all of your scheduled payouts.

Should you be able to successfully address all of the concerns outlined in the email, you’ll continue to receive your payouts as scheduled.

To customize your payout schedule, visit the Sellix dashboard: https://dashboard.sellix.io/settings/shop/crypto.

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