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Payout Schedule for Oddle Payouts (SG)
Payout Schedule for Oddle Payouts (SG)

Find out when restaurants can receive funds in their bank account across all Oddle products and when statements are available for viewing.

Updated over 2 months ago

In this article


Important Note: There will be a minor adjustment to the payout schedule during extended weekends that include public holidays on Friday, Saturday, Sunday, or Monday.

In such cases, Stripe will only initiate the fund transfer to Oddle's account on Monday afternoon. As a result, payouts from the weekend will be processed on the following Tuesday, instead of Monday.

This change ensures the accuracy and completeness of all transactions.

1. Delivery and Takeaway Orders

a. Flow of funds

Funds will be paid out to the restaurant’s bank account 5 business days after the end of each billing cycle.

For example, a takeaway order was collected by the customer on 24 Aug 2024. This order will be grouped into the last billing cycle of the month, and it will be paid out to the restaurant’s bank account on 06 Sep 2024.

b. Billing cycle and availability of statements

The period of 1 billing cycle for Delivery and Takeaway orders is 7 calendar days of each week, and it includes any remaining days for the 4th week of the month.

There will be 1 statement posted for each billing cycle. This statement will be available 1 calendar day after the end of every billing cycle.

For orders
fulfilled between

The statement

will be ready on

The funds will be

disbursed on

1st - 7th day of the month

8th day
of the month

5 business days
after the 7th day

8th - 14th day of the month

15th day
of the month

5 business days
after the 14th day

15th - 21st day of the month

22nd day
of the month

5 business days
after the 21st day

22nd - 30th/31st day of the month

1st day of the following month

5 business days
after the 30th/31st day


2. Paid Reservation Tickets

a. Flow of funds

Funds will be paid out to the restaurant’s bank account 1 business day after the end of each billing cycle.

For example, a reservation booking was paid by the guest on 23 Aug 2024. This booking will be paid out to the restaurant’s bank account on 26 Aug 2024.

b. Billing cycle and availability of statements

The period of 1 billing cycle for Paid Reservation Tickets is 1 calendar day.

There will be 1 statement posted for each billing cycle. This statement will be available 1 calendar day after the end of every billing cycle.

Reservation
payment date

Day where billing statement is available

for viewing

Day where merchant receives funds in their bank account

Monday

Tuesday

Tuesday

Tuesday

Wednesday

Wednesday

Wednesday

Thursday

Thursday

Thursday

Friday

Friday

Friday

Saturday

Monday

Saturday

Sunday

Tuesday

Sunday

Monday

Tuesday


3. Payment Terminal Transactions

a. Flow of funds

In Oddle Terminal, transactions are grouped in batches. Funds will be paid out to the restaurant's bank account 1 business day after the batch is ended.

For example, a terminal batch has been closed by the merchant on 23 Aug 2024. The funds will be paid out to the restaurant’s bank account on 26 Aug 2024.

b. Billing cycle and availability of statements

The period of 1 billing cycle for Terminal Batches is 1 calendar day.

There will be 1 statement posted for each billing cycle. This statement will be available 1 calendar day after the end of every billing cycle.

Batch end day

Day where billing statement is available for viewing

Day where merchant receives funds in their bank account

Monday

Tuesday

Tuesday

Tuesday

Wednesday

Wednesday

Wednesday

Thursday

Thursday

Thursday

Friday

Friday

Friday

Saturday

Monday

Saturday

Sunday

Tuesday

Sunday

Monday

Tuesday


💭 Have more questions? Contact our Product Support Team at [email protected].

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