A seller payout is the name used from the seller's point of view for a marketplace payout: the payment a marketplace or platform makes to one of its sellers for goods or services sold through it. The main entry explains the full money flow. In short, the buyer pays the platform's payment provider, the funds are held and allocated, and the seller's share is later sent to the seller's bank account or wallet.
The amount paid is not the sale price. The platform deducts its commission, payment processing fees and any shipping or advertising charges, and it nets off refunds and chargebacks from the period. Part of the balance may be kept back as a reserve, and a payout hold may delay funds for new sellers or until delivery is confirmed. Payment follows the seller's payout schedule, such as daily, weekly or on demand.
Before any payout, the seller must be verified by the platform or its payment provider and must supply bank details. The term is close to merchant payout, which is used when an acquirer or processor pays a merchant directly, and it is a common use of payment splitting.