Effective Date: Sep 1st, 2025
Awaiting Payout – What Does It Mean?
When your Checkout Ticket is marked as Awaiting Payout, it means the agreed service or property has been delivered in accordance with the Checkout Ticket, and SWAPD (operated by VEYYO Limited Partnership, Canada, as Merchant of Record) has authorized the release of funds to the Subcontractor.
Payouts are normally processed within 48 hours of confirmation. Once disbursed, SWAPD staff will update the Checkout Ticket to reflect the transaction status.
Important Points to Keep in Mind
- Bank Wires – Payouts may experience additional delays over weekends or holidays when banks are closed. Typical settlement time is 2–5 business days.
- Crypto Payments – Payouts are usually confirmed within a few hours, subject to blockchain network congestion.
- Credit Card Payments – Refunds of proceeds are deposited into the Subcontractor’s designated bank account. Settlement time varies by institution, typically 1–7 business days.
Disclaimer
SWAPD processes all payouts in good faith and with commercially reasonable efforts. However, SWAPD is not responsible for delays or failures in payout caused by third-party providers, including but not limited to banks, payment processors, or cryptocurrency networks.