Settlement Invoices

At the end of each billing cycle, Bag provides a consolidated settlement invoice showing your net payout.

Billing Frequency

Settlement invoices are generated:

Frequency is configurable based on your merchant tier and transaction volume.

All settlement invoices are denominated in:

USD (default for US-based merchants)
Local fiat currency of your business location
Never in stablecoins - Even though customers may pay in USDC, settlement invoices are in fiat

Stablecoin payments are converted to fiat at the time of transaction. The invoice shows:

Settlement invoices are designed for clean accounting:

One invoice per billing period
Net payout amount matches bank deposit
Tax obligations already handled by Bag (as MoR)
Revenue recognition is straightforward: book revenue = settlement invoice amount

Your accountant or bookkeeping software can treat the settlement invoice as a standard vendor invoice.

This makes reconciliation with your bank account simple and transparent.

Payout currency options, fees, and settlement cycles.

How Bag handles tax compliance.