When you make a payout from your current account, the fees and tax is not deducted in real-time as part of the payout. Instead, fees and tax are collected on a regular frequency and appear as a payout in your account statement. This is an automated process and does not require any action from you.
The Fee Recovery report contains details of fees and tax for payouts made using your current account only.
Watch this video to see how you can download the Fee Recovery Report.
To download Fee Recovery report:
Navigate to My Account & Settings → Billing → select Past Fee Deductions from the Billing Plans section → click Export and follow the on-screen instructions.
Following is a screenshot of the Fee Recovery report.
Apart from the various fields in the report containing details of each transaction, the following are two important fields:
fee_id
Virtual account: auto_paid because the fees and tax is collected as part of the payout.
Current account: This column contains a unique identifier associated with the fee and tax collected. This is because, for current accounts, fees and tax are collected on a regular frequency and not on a per payout basis. Multiple payouts can have the same fee_id.
fee_created_at
Virtual account: This column will be blank because the fees and tax is collected as part of the payout.
Current account: The date and time when the fee and tax collection was initiated by RazorpayX.
fee_type
free_payout: Indicates a Free Payout was used to process the payout. In such scenarios, you are not charged any fees and tax. Only the payout amount is deducted from your account balance.
Handy Tips
For reversals, amount = (original payout amount + fees + tax). Fee and tax for reversals appear with a minus symbol. This is to indicate they are returned to you and also help with your reconciliation.
