Blog
How direct payouts work, in 4 minutes.
Every Jamrats organizer gets paid directly to their own bank. That detail does a surprising amount of work — it’s the reason payouts are next-day, the reason your customer list is yours, and the reason chargebacks land in your dashboard instead of being argued by a vendor support queue.
You are the merchant of record
In a typical hosted-payment marketplace, the platform is the merchant. Buyer funds land in the platform’s account; they hold them for some number of days; eventually they pay you. Direct payouts flip this. Each organizer gets a verified payout account in their name — money lands directly in your bank at the moment a buyer pays.
What Jamrats does
We construct the charge: ticket price, our flat fee, your payout account, the tax config you set. The payment processor routes the money — your share to your balance, our $2 to ours. We never hold buyer funds, and you never hand us your bank info directly.
What changes vs hosted ticketing
The big shift is that you receive payouts on the processor’s standard schedule — typically the next business day — not on a platform’s own settlement calendar. You also see chargebacks in your dashboard the moment a buyer disputes, with the evidence-submission form ready to go.
The trade-off: you’re responsible for completing a one-time identity verification (takes a few minutes), and your business name appears on the buyer’s credit-card statement instead of ours. That’s a feature, not a bug.
Currency conversion
Sell tickets in CAD or USD per event. The payment processor handles currency conversion at payout time if your bank account is in a different currency. We don’t mark up conversion — the rate you get is the processor’s published rate.