Announcement: Updated Payout Timing for Paybox – Starting This Month

Hello everyone,

We’re excited to announce an improvement to the payout schedule for Paybox users that aligns more closely with your business needs and our invoicing cycle.

Starting this month, payouts will now be processed on the following Monday, capturing your sales from the high-traffic weekends. This adjustment means that instead of waiting for a later payout, you’ll receive the earnings from your weekend sales at the start of the new week, giving you faster access to funds right when business momentum is at its peak.

Benefits for Marketplaces and Businesses:

  • Quicker Access to Weekend Earnings: With many businesses and marketplaces seeing their highest sales over the weekend, this change means you’ll have those funds on Monday, supporting cash flow when it’s needed most. Whether you’re reinvesting in inventory, covering operational costs, or managing payroll, this adjustment brings greater financial flexibility.
  • Aligned with Our Invoicing Schedule: By syncing Paybox payouts with our invoicing cycle, you’ll experience smoother, more predictable cash flow, making financial planning and reporting easier and more streamlined.
  • Financed Early Access to Funds: To make this schedule possible, we’re financing early access to funds from weekend sales that have not yet cleared. This means you can benefit from increased cash flow without delay, allowing you to leverage your weekend sales income sooner.
  • Optimized for Marketplace Growth: This change is designed specifically with marketplace and business operations in mind, providing a dependable weekly payout that helps you keep pace with customer demand and maintain business growth.

We’re committed to making Paybox work better for your business. For additional details, please refer to our updated payout documentation or reach out to our support team.

Thank you for being a valued member of our community!

1 Like

This is great news! Is there anything we need to do our end other than informing our outlets?

This is fantastic, i know i have been mentioning this from the start of getting involved. This will be a great selling point when approaching local takeaways. Fantastic work.

Good news—will the fact that Redbox is financing the payment mean they will ‘always’ arrive at a prompt & similar schedule/time, etc.?

I cannot cope with them being later than typical, like today. Makes me want to literally turn it all off and give up.

Monday Payout Update: Outlets will be paid today, Monday 25th November 2024.

Please note: Friday payouts will no longer be issued as part of our Updated Payment Schedule. To avoid any confusion or issues, please ensure you contact your outlets to inform them of this change.

Payments will arrive by the end of the scheduled day seen in management.

Monday payouts will now include all funds earned over the weekend. This change is aimed at benefiting most businesses by eliminating the typical 5-day wait for weekend earnings, which often represents a significant revenue-generating period.

We believe this adjustment will help provide a smoother cash flow, particularly for businesses with high demands on Fridays to pay staff or secure supplies for the weekend.

If you have any questions or need further assistance, please don’t hesitate to Contact Our Team.

1 Like

This is fantastic news and will give us a very positive selling point when approaching local takeaways.