Earning & Balance Breakdown
Your available payout balance consists of your total gross sales minus:- VAT & Sales Taxes: Remitted automatically (balance reflects net-of-tax values).
- Platform Processing Fees: Solifyn charges a default platform fee of 3.0% of the transaction amount plus a flat 15¢ fee per transaction.
Transaction Ledger
All financial events (checkout completions, chargebacks, refunds, payouts) generate transparent entries in your chronological Balance Transactions ledger. For each entry, you can inspect:- Transaction ID and reference
- Event type (e.g. charge, refund)
- Gross Amount
- Fees deducted
- Net credited/debited amount
Multi-Currency Settlement
Solifyn checkouts handle localized payment methods and currencies globally. If a customer purchases a product in a currency other than your default store currency (e.g., USD):- Solifyn performs a real-time currency conversion using active exchange rates.
- The funds are settled and credited to your available balance in your default currency (e.g. USD).
- This consolidation protects your business from maintaining multiple foreign bank accounts and simplifies your payout accounting.