Payout Preferences

Payout Descriptor
Bank Account
Payout Schedule

You can configure preferences to manage your payouts and customize it based on your business needs. You can configure the Payout Descriptor, the Bank Account and the Payout Schedule.

Payout Descriptor

A Payout Descriptor is the display name of the payment gateway that deposited the payouts (Zoho Payments) in your bank statements. You can choose to configure the payout descriptor or use the default descriptor, ZOHO PAYMENTS.

To edit this:

Go to Settings in the top-right corner.
Click Payout Preferences.
Enter your preferred descriptor in the Payout Descriptor field.

Insight: Payout descriptors should contain only 5-22 alphanumeric characters, and cannot contain special characters such as <, >, \, ‘, “, *.

Click Save at the bottom of the page.

Your descriptor will be updated and it will reflect in the future payouts.

Bank Account

The bank account to which the payouts should be deposited. You might have provided your bank account details while setting up your Zoho Payments account. But in case you’d like to make changes to it:

Go to Settings in the top-right corner.
Click Payout Preferences.
Scroll down to the Bank Account section and click Edit near the bank account details.
Enter the updated details and click Save.

The bank account details will be updated and future payouts from Zoho Payments will be deposited to the given account after verifying the account details.

Payout Schedule

Payout schedule is the interval at which you’d like to receive the payout from Zoho Payments. You can choose to get paid on a daily, weekly or a monthly basis.

Note: Payouts will be processed as per schedule, in T + 2 business days (this might vary based on the nature of your business). T here denotes the Payment Date.

Every business day: Payouts will be deposited to your account every working day.
Every week: Payouts will be deposited weekly on the day you’ve chosen.
Every month: Payouts will be deposited monthly on the date you choose.

Note: If your payout schedule falls on the 29th, 30th, or 31st of a month, then, for shorter months, payouts will automatically be deposited on the last business day.