Paylution (www.paylution.com) is an easy-to-use, secure, global online Pay Portal dedicated to our organization and our valued businesses. Paylution allows you to receive payments electronically and transfer them quickly and efficiently into your bank account. You will receive a Paylution notice after your first payment is prepared.
The settlement periods are weekly. (Once a week).
Paylution accounts are created upon business creation. Once their account is set up, they must enter their banking information when creating their business. They can also make more accounts with different banking information afterward. They can also activate automatic transfers, so future payments from Quivers will go directly to their
bank account.
For more information on the auto-transfer in Paylution, please visit our article How to Configure Auto Transfer in Paylution
*Note: You will need your Quivers Merchant ID to set up your account with Paylution. This can be found under the tab Settlement, then Payouts, and then Default Paylution Account click on view.
Inactivity Fee
This is only assessed if you have not been paid by Quivers for three months consecutively and you have also left a positive balance in your pay portal. If the balance is $0.00 or Quivers actively paying you, this fee will not be assessed. As long as you set up auto transfers to bank your account so that no funds are left in the portal, this fee will not be assessed. If this fee is ever assessed, it is as follows for each country:
USA – $3.00 USD
Canada – $4.00 CAD
If you need further assistance configuring your Paylution account for Quivers, please contact the Quivers accounting team at support@quivers.com.