In order to get paid, you'll need to choose the method of payment that BlueSnap should use for your regular payouts.

Once your payout method is set up, any future changes will require an inquiry to merchants@bluesnap.com.

The default payout is monthly. Depending on commercial terms, the Powered Buy Platform can support multiple payout methods. A report is provided for each payment cycle, showing how much will be paid and detailing sales, affiliate sales, refunds, chargebacks, commission, royalties, Merchant transfer payments, BlueSnap fees, any deductions, and if appropriate, sums carried or held over to the next cycle.

Fees vary by payment method. Refer to the Table of BlueSnap Fees under Settings > BlueSnap Agreement for details.

Setting up your payout method

To set up the payout method, go to Settings > Payout Method in the Merchant Console.

Define these settings:

  • Bank Account Country: Select the bank account country to which funds will be sent.
  • Payment method: You can choose from one of the options listed here.
  • Payment Reference: Customize the reference text that will appear on your bank statement for BlueSnap deposits. If left blank, the text will be the standard message (i.e. "BlueSnap Payment for Merchant {Merchant ID}"). Note: Payment Reference is not applicable to CAD payouts via EFT/ACH.
  • Minimal Payout Amount: There is a default minimum payment level per cycle of $35. If any sum due is below $35, it will be carried forward to the next pay cycle and you will be notified in your payment reports. You can increase the minimum payment level if you wish.
  • Refund Reserve: Account funds that are set aside (not paid out) to enable you to issue refunds even when your account balance is low. Your Refund Reserve balance will accrue from sales, and once your Refund Reserve amount is met, all additional sales will be applied to your next payout.

Managing your Refund Reserve

You may modify your Refund Reserve amount at any time – if you increase the amount, a portion of your available payout funds will be held to increase the Refund Reserve balance to the newly defined amount. If you decrease the amount, the leftover balance will be added to your next payout.

  • Account Details: Provide account information for your chosen payment method.

Once you finish, click Submit. Your changes will take effect at the end of your current payment cycle.

Payout method types

ACH Credit

CA, US, European countries*

Payments in USD to accounts domiciled in the above countries can be made via ACH. It normally takes 1-3 days for funds to reach your account.

EFT/ACH

CA

Payments in CAD to accounts domiciled in CA can be made via EFT, also known as domestic ACH. It normally takes 2-3 business days for funds to reach your account.

Fast Bank Transfer

CH, DK, NO, SE

Domestic bank transfers in local currency can be made to accounts domiciled in Switzerland, Denmark, Norway, or Sweden. It normally takes 1 business day for funds to reach your account.

CHAPS Credit Transfer

UK

Payments in GB Pounds to accounts domiciled in UK can be made via CHAPS Credit Transfer. It normally takes 2 business days for funds to reach your account.

SEPA Credit Transfer

Euro Zone

Payments in Euro to accounts domiciled in the Euro zone can be made via SEPA Credit Transfer. It normally takes 2 business days for funds to reach your account.

Wire Transfer

Wire Transfer is available for accounts domiciled in any of our supported countries. Select this option to receive your funds in 1 business day.

Provide all relevant information; your recipient bank can assist. If an intermediary or correspondent bank is used, this additional information should also be completed.

*The supported European countries for ACH Credit are: Austria, Belgium, Cyprus, Czech Rep., Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, Netherlands, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom

Payout