Payoffs Report

_{This is a beta feature currently under development. As we continue to make improvements, you may notice changes or updates along the way. We appreciate your feedback and patience as we enhance your experience!}

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In this report, you’ll find a clear breakdown of the transfers Village has made to your connected Stripe account, helping you track your business earnings over time.

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Completed payoffs: your earnings on Village

This section lists all transfers Village has initiated to your connected Stripe account within the selected date range. Here’s what each column on this table means:

• Transfer date: The date Village initiated the transfer to your Stripe account. Once a transfer starts, please allow a few business days for the funds to appear in your bank account. The exact timing depends on the payout frequency you’ve set up on your Stripe dashboard.‍
• Payments collected: Payments Village collected in the last week or day, depending on your payoff frequency. Click on this cell to view a detailed list of all installments included in this payoff, giving you complete transparency over collected payments.‍
• Total collected: The total amount from scholarship and payments received (including any custom fee charged) minus any refunds. ‍
• Processing fees: Stripe’s processing fee of 2.9% + $0.30 per payment collected.‍
• Total paid off: The total amount transferred to your Stripe account after deducting processing fees.

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This table helps you understand which payments were included in each transfer, what amount was transferred after fees, and when the payoff was received:

For the period Oct 07 - Oct 13, 2024, Village collected 5 payments totaling $50, which was transferred to your account on Mon Oct 14, 2024 after deducting Stripe fees of $2.95.

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Upcoming payoffs: expected earnings

This section shows a list of upcoming payoffs within the selected date range based on your set payoff frequency and expected payments to collect. Here’s what each column means:

• Estimated Date: The projected date of the transfer based on your organization’s payoff frequency.
• Expected Payments: The total number of payments collected and installments expected to be collected in this period. Click on this cell to view a detailed list of all installments expected to be included in this payoff, giving you complete transparency.
• Expected to Collect: The expected total dollar amount of payments collected and to be collected in this period.
• Processing Fees: Estimated Stripe fee of 2.9% + $0.30 per payment, calculated on the “Expected to Collect” total.
• Expected Payoff: The projected amount we expect to transfer to your Stripe account on the estimated date, after processing fees.

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This table also helps you track future payoffs, showing when to expect transfers and the estimated amount:

For the period Oct 14 - Oct 20, 2024, Village has collected and expects to collect 10 payments totaling $1,000, which will be transferred to your account on Mon Oct 21, 2024 after deducting Stripe fees of $59.

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Understanding earning trends

In the chart, you can see how your earnings are distributed each month for the selected year, giving you insights into your revenue and expected earnings for the rest of the year. This helps you identify high and low months, allowing you to plan your business more effectively. You can filter the report by year to compare trends across different years.

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