Understanding Squarespace Payments Payouts
TL;DR:
- Squarespace Payments transfers funds to your bank account automatically
- Check payout details, including charges, fees, and estimated arrival times in your dashboard
- Payouts happen Sunday-Thursday, typically arriving within 1-3 business days
- Your first payout has a 15-19 day holding period after connecting your bank account
- Delays may occur due to holidays, account status, or review processes
When you use Squarespace Payments, your earnings transfer automatically from your Squarespace Payments account to your connected bank account. The payouts panel in your dashboard shows upcoming and pending payouts, plus the details of your connected bank account.
Setting Up Your Bank Account
To receive payouts, you'll need to connect a bank account through your Squarespace dashboard. You can usually do this after making your first payment.
There's an initial 15-19 day holding period for your first payout after connecting your account. This period starts when you first link your bank account, not when you make your first sale.
Accessing and Managing Your Payouts
For Desktop Users
- Navigate to the Finance panel, then click on Orders
- Click on an individual payout record to view details like charges, fees, or estimated arrival
- To filter payouts by date, select Date under Payments, set your range, and click Apply. Click Reset to clear filters
For Mobile Users
- Tap the Selling panel, then Finance, and go to the Payouts tab
- Click on a payout to see details
- Sort your payouts by oldest or newest to organise them
Understanding the Payout Schedule
Payouts are initiated daily from Sunday to Thursday at midnight UTC. Following processing, funds usually land in your bank account within 1-3 days depending on your bank and region.
You'll receive an email confirmation once your payout is dispatched.
Keep an eye on the Payouts tab to track when your funds are on their way. This helps with planning and keeps you aware of your financial position.
FAQs
How do I initiate a payout from Squarespace Payments?
Payouts are automatic. Make sure your bank account is connected and check the Payouts panel to follow their progress.
What details can I see in a payout summary?
The summary includes information on charges, fees, refunds, and chargebacks, along with the estimated date of funds arrival.
What should I do if my payout is delayed?
Delays could be due to holidays or account verifications. Contact Squarespace support if your payout timing exceeds the usual window.
Jargon Buster
Payouts: Transfers of your earnings from Squarespace Payments to your linked bank account.
Payout Panel: Section in Squarespace where you check upcoming, pending, and past payouts.
Bank Account Connection: The process of linking your bank account to Squarespace to receive funds.
Wrap-up
Squarespace Payments makes it straightforward to manage earnings and payouts from your online sales. By understanding how to link your bank account, checking details in the payout panel, and being aware of the payout schedule, you can effectively manage your finances from your Squarespace site. Keep an eye on the payout timings and reach out to support for any delays that seem unusual.
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