To view your payout history, follow these steps:
Log in to the Loomis—Pay portal.
Navigate to Finance > Payouts on the sidebar.
Here, you'll find your payouts for the current month. To view payouts from previous periods, select a different month from the calendar in the top right corner.
The payout page displays the total payout for the current month, a summary of sales, fees, and other amounts affecting the total, a list of transactions for that payout period, and a list of deposits made into the account on each payout day.
To export a payout report, click 'Download' at the top right of the payout detail page.
Payouts
If you accept American Express or Amex, or process refunds, you might see a range of dates in the “sales date” column, even when there hasn't been a weekend or bank holiday. This is because the Amex card scheme follows a different payout flow, and it might take up to 7 days for a payout to land in your account.
Sales from January 1st are paid out in separate batches over the following days, from January 2nd to January 7th.
Refunds
The same behavior applies to refunds. Refunds processed on a Monday will appear on your payout within 7 days after the transaction date. It will be visible on the payout page. Each payout contains funds from several sales days.
Payouts might be further delayed due to weekends and bank holidays.
Sales Day Definition
A sales day, in relation to payouts, runs from 01:00 am to 01:00 am the next day during winter, and from 02:00 am to 02:00 am the next day during summer. This is due to the cut-off times defined by our acquirer. Therefore, if you are open after midnight, the payout might include sales made after midnight.
Receiving the Payout
The payout will appear on your payout page around noon the day after, except for weekends and bank holidays. In these cases, you will receive one payout that includes sales made on the day prior to, and sales made on the weekend and/or bank holiday. Please note that we must adhere to bank holidays that affect our acquirer, as well as our local markets.
To see your payouts, navigate to Finance > Payouts on the Loomis—Pay portal.
Understanding Transaction Fees
To see the transaction fee per transaction, click on the row for each payout. Here, you will see every card transaction included in that payout, as well as the transaction fee that has been deducted.
The fee structures for American Express (Amex) and Visa/Mastercard are different. Visa and Mastercard impose lower interchange fees, while Amex charges higher fees. As a result, the cost of processing an AMEX card is higher than other card networks.