Settlements & Payouts
When you use SkyPay (especially in Assisted Mode), we collect payments on your behalf. This guide explains how your money transitions from a successful checkout to your bank account.
The Payout Process
1. Balance Aggregation
All successful payments are aggregated and managed in your SkyPay merchant balance.
2. Transaction Breakdown
For every transaction, we calculate a transparent breakdown:
- Gross Amount: Total paid by the customer.
- Provider Fee: Standard facilitation fee (e.g., 1.5% for Khalti).
- SkyPay Commission: Our small platform fee (typically 1%).
- VAT: 13% VAT on commission/fees.
- Merchant Amount: The net amount that lands in your SkyPay balance.
3. Settlement Request
Once you reach your minimum threshold, you can request a settlement from your merchant dashboard.
4. Payout Verification
SkyPay verifies the transactions and transfers the Merchant Amount total to your registered bank account within 24-48 business hours.
Sample Financial Breakdown
For a payment of NPR 1,000:
| Component | Amount |
|---|---|
| Gross Amount | NPR 1,000.00 |
| Provider Fee (1.5%) | -NPR 15.00 |
| SkyPay Commission (1%) | -NPR 10.00 |
| VAT on Commission (13%) | -NPR 1.30 |
| Merchant Receives | NPR 973.70 |
Manual & API Mode Payouts
- API Mode: Funds land directly in your own eSewa/Khalti merchant account. SkyPay will deduct its commission from your SkyPay dashboard balance.
- Manual Mode: Funds land directly in your bank account from the user. SkyPay will deduct its commission from your SkyPay dashboard balance.
TIP
Keep your SkyPay balance topped up to ensure uninterrupted service in API and Manual modes!
Detailed Reports
You can download detailed settlement reports and transaction logs from your Merchant Dashboard at any time.
SkyPay — Transparent payments for a digital Nepal.