The following table lists all the commonly used terms and their definitions used in RazorpayX:
Payouts are made using funds in this account. Know more about RazorpayX Accounts. Currently, there are two types of accounts:
An entity to whom payouts are made. Contacts have certain identification properties such as name, email id and phone number. To make a payout to a contact, you must add a fund account to the contact.
An entity to which payouts can be made. Currently, RazorpayX supports three types of fund accounts:
Any transaction made using bank account linked to your RazorpayX account. This can either be a credit (when you add funds to your account) transaction or a debit (payouts made using RazorpayX) transaction. You can view transactions from the X Dashboard or fetch details using the Transactions APIs.
Used in Vendor Payments App of RazorpayX. The number of days you have to pay the invoice once issued to you. This can vary from
Used in Vendor Payments App of RazorpayX. The invoice amount without GST, Cess and any other taxes.
Used in Vendor Payments App of RazorpayX. The invoice amount with GST, Cess and any other taxes.
TDS (Tax Deducted at Source)
Used in Vendor Payments App of RazorpayX. As per government mandates, you are required to deduct TDS when making payouts to vendors.
Amount to Vendor
Used in Vendor Payments App of RazorpayX. This is the amount that is to be paid to the vendor. That is, the Payout amount.