Vendor. Payouts
Buyer payments are held in escrow by Olympus Market and released to vendors on a clear, predictable schedule.
No. 01
7-day auto-release
Funds release automatically 7 calendar days after an order is marked shipped, if no dispute is raised.
No. 02
Early release on receipt
If the buyer taps "I received this" before the 7th day, payout is released immediately.
No. 03
2% transfer fee
Olympus Market charges a 2% fee at payout time. PayMongo's gateway fee is also deducted from gross.
How net payout is calculated
| Gross sale | Transfer fee (2%) | Gateway (est.) | Vendor receives |
|---|---|---|---|
| ₱500 | ₱10 | ₱13 | ₱477 |
| ₱1,200 | ₱24 | ₱30 | ₱1,146 |
| ₱3,200 | ₱64 | ₱78 | ₱3,058 |
Gateway fees are illustrative and depend on PayMongo's published rates at time of charge.
Order lifecycle
- 01
Payment confirmed
Buyer pays via GCash. Funds held in escrow.
- 02
Preparing
Vendor accepts and prepares the order.
- 03
Shipped
Vendor enters tracking number. 7-day countdown begins.
- 04
Released
Auto-release at day 7, or earlier if buyer confirms receipt. Fees deducted, net payout sent to vendor GCash.