With ‘deductions’ we mean costs that have to be transferred from your account to another account, such as refunds to a consumer or application fees for a platform. This amount, together with the transaction costs that you pay to Mollie, is deducted from your turnover. The amount that you keep after this will be paid to you with the next payout. You can find this sum in your Mollie Dashboard under Administration >> Current balance.

When you do a refund to a customer, you will see in the transaction history (on the right) that this amount will be deducted from your next payout. It will also be stated that the amount has been ‘paid out’, which means that the amount has been deducted from the balance that you have received.