---
title: How to read your Payout Reports?
description: Understanding each field helps you analyze your payout transactions effectively.
---

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# How to read your Payout Reports?

## Understanding each field helps you analyze your payout transactions effectively.

| **Header** | **Description** |
| --- | --- |
| **ID** | Unique xID representing the payout object. |
| **Transaction Type** | Type of transaction. |
| **Reference ID** | Reference input by the merchant. |
| **Created At** | Timestamp at which the payout was created. |
| **Payout Amount** | Amount of the payout. |
| **Payout Currency** | Currency of the payout. |
| **Balance Currency** | Currency in which the corresponding balance is adjusted. |
| **Balance Exchange Rate** | FX rate for conversion to balance currency. |
| **Balance Amount** | Amount to be updated in the actual balance of the merchant. |
| **Destination Amount** | Amount to be paid to the beneficiary. |
| **Destination Currency** | Currency of the beneficiary's bank account. |
| **Payout FX Rate** | FX rate used for currency conversion in the payout. |
| **Status** | Payout status (e.g., Processing, Requires Approval, Requires Action, Succeeded, Failed, Cancelled). |
| **Transaction Description** | Short description of the payout transaction. |
| **Statement Descriptor** | Statement descriptor passed to the customer's bank statement. |
| **Payout Type** | Type of payout (e.g., SWIFT or Local). |
| **Charge Type** | Charge type (e.g., OUR, SHA). |
| **Payout Purpose** | Code representing the purpose of the payout. |
| **Tracking Reference Type** | Type of tracking reference provided. |
| **Tracking Reference ID** | Tracking reference ID for the payout. |
| **Beneficiary ID** | Unique xID representing the beneficiary object. |
| **Beneficiary Name** | Name of the beneficiary. |
| **Beneficiary Type** | Beneficiary type (e.g., Business or Individual). |
| **Beneficiary Address** | Address of the beneficiary. |
| **Beneficiary Phone** | Phone number of the beneficiary. |
| **Beneficiary Destination Type** | Type of destination (e.g., Bank or Wallet). |
| **Tax ID** | Tax identification number (applicable for certain corridors). |
| **Bank Account Number** | Bank account number of the beneficiary. |
| **Bank IBAN** | International Bank Account Number of the beneficiary. |
| **Bank Name** | Name of the beneficiary's bank. |
| **Bank Country** | Country where the beneficiary's bank is located. |
| **Bank Currency** | Currency of the beneficiary's bank account. |
| **Bank SWIFT Code** | SWIFT code of the beneficiary's bank. |
| **Bank BIC** | Bank Identifier Code. |
| **Bank IFSC** | Indian Financial System Code (for banks in India). |
| **Bank ABA** | ABA routing number (for banks in the USA). |
| **Bank SORT Code** | Sort code (for banks in the UK). |
| **Bank Branch Code** | Branch code of the bank. |
| **Bank BSB Code** | Bank State Branch code (for banks in Australia). |
| **Bank Code** | Bank code (specific to certain countries). |
| **Wallet Deposit Address** | Deposit address for wallet payouts. |
| **Wallet Type** | Type of wallet (e.g., PayPal, Skrill). |
| **Wallet Currency** | Currency of the wallet. |

#### **Key Metrics to Monitor in Payouts**

Focus on these metrics to gain valuable insights:

- **Payout Amount:** The total amount disbursed in the payout.
- **Status:** Indicates the current state of the payout process.
- **Beneficiary Details:** Essential for ensuring funds are sent to the correct recipient.
- **Payout FX Rate:** Important if payouts involve currency conversion.
- **Created At:** Helps track when the payout was initiated.

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          "@type": "Answer",
          "text": "<p>An escrow service is provided by a trusted third party that serves as an intermediary to hold the buyer’s funds until the seller fulfils their part of the deal. Once their obligations are fulfilled, the escrow service provider verifies that the seller has completed their requirements and the funds are released to the seller.</p>"
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        "@type": "Question",
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          "text": "<p><b>Step 1:</b> Login to the <a href="https://app.tazapay.com">Tazapay Dashboard</a> and click "Create Escrow". This can be found on the left navbar or the getting started page. </p>
          <p><b>Step 2:</b> Fill in your details on the first section. The required fields include your role as the buyer or seller, type of transaction, country & currency info, and invoice amount.</p>
          <p><b>Step 3:</b> Fill in your counterparty's details on the second section. The required fields include the contact name & email.</p>
          <p><b>Step 4:</b> Add any other documents you want verified on Tazapay's platform</p>
          <p><b>Step 5:</b> Once all details are correct, you can click "Send to Buyer/Seller" and a link to the escrow will be generated</p>
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        "@type": "Question",
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          "@type": "Answer",
          "text": "<p><b>Step 1:</b> Login to the <a href="https://app.tazapay.com">Tazapay Dashboard</a> and click "Create Payment Links". This can be found on the left navbar or the getting started page. </p>
          <p><b>Step 2:</b> Select your seller and buyer details. If you haven't added a buyer yet, you can do so under "Add buyer detail".</p>
          <p><b>Step 3:</b> Set the transaction currency and amount, add the description and any supporting documents for the transaction.</p>
          <p><b>Step 4:</b> You can now share the payment link to your buyer and start accepting payments.</p>
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          "text": "<p>Before you're able to receive your payments, Tazapay will notify you to complete KYB/KYC through a banner on our dashboard. Clicking on it will lead you to a page where you can upload the necessary documents.</p>
          <p><b>1. Basic Info:</b> This is where you will fill out your personal details on the form. The required information would be the registered email, country of operations, and type of entity (individual, sole proprietor, company, partnership, limited partnership.)</p>
          <p><b>2. Representatives & Owners:</b> Should either of your representative and owners own more than 25% of the entity, you'll need to include their details here (eg: authorised representatives, directors, beneficial owners). If you're an individual or sole proprietor, you may indicate that you have more than 25% ownership of the entity and not have to add any further individuals.</p>
          <p><b>3. Business Details:</b> Add the details of your operating address for your business. If you're an individual, your home address will suffice. </p>
          <p><b>4. Documents:</b> This is where you will upload documentary proof of representative & owner IDs and proof of address.</p>
          <p>KYB/KYC will typically take 5-7 business days to complete should there be no further clarification/documentation needed. </p>
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        "@type": "Question",
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          "text":"<p>As a financial services provider, we strive to protect both buyers and sellers. In order to ensure we are building a safe ecosystem and meet regulatory standards, we need to conduct know your customer (KYC) or know your business (KYB) check on the seller.</p>
          <p>Tazapay runs KYB processes in accordance with the global Anti Money Laundering (AML) and Combating the Financing of Terrorism (CFT) efforts. It has, thus, become Tazapay’s responsibility to fully understand the Ultimate Beneficial Ownership (UBO) of the companies that utilize our services.</p>
          <p>Please note that successful completion of KYB is a requirement for funds to be released on our platform. </p>
          <p>For more information on why KYB/KYC is required, read <a href="https://tazapay.com/blog/why-is-kyc-kyb-needed-by-payment-gateways/">our blog.</a></p>
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