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With iyzico app, you can keep track of your purchases made on tens of thousands of websites and market places and upload money to your account.
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The sum of the successful transactions made between Wednesdays and the following Tuesdays will be paid into your account in the first Wednesday 21 days after the transaction is processed.
The first payment will be settled according to the blockage period and you can view this on the Merchant Panel settings (https://merchant.iyzipay.com/settings). After the first payout for your account, following payments will be made in fixed intervals in line with your money transfer periods.
*Payout of the successful transactions can vary according to the business model in line with the contract terms.
You can check the payouts for your online shop on the "Transactions" section on your iyzico Control Panel.
When calculating the payout periods, please take the following into consideration.
-Transactions are calculated weekly at iyzico.
-Transactions made from Wednesday 00:00 until Tuesday 23:59 represent the weekly payout.
-Weekly payouts will be made to your account after 3 weeks.
-If you have a business model that make regular weekly transactions, you can receive your payments weekly. However, these payout won’t cover your last 3 weeks. For instance,
You can receive your first week’s payout on the 4th week,
Your second week’s payout on the 5th week,
Your third week’s payout on the 6th week.
Blockage period means the waiting period for the payout to your accounts after the successful completion of payments from your customers.
Payout period determines the frequency of money transfer of the successful payments on your online shop to your accounts.
The most important reason for the blockage period is the Chargeback risk which is frequent in e-commerce. Furthermore, the criteria of by the banks we work with is also one of the reasons why we have to work with blockage period. Therefore, we apply various reporting criteria at 3-week period intervals and make payments according to this period. Your blockage period can be shortened by a review of your transaction volume and the products by iyzico.
You can track the sum of the payments and refunds and its detailed reports daily through the iyzico Control Panel right a day after the transactions are completed.
You can generate the detailed transaction report for the time period you set and download it via the "Transaction Report" tab.