How You Get Paid
This page provides an overview of how Ekho will transfer payouts for an order.
How to Receive Payouts
Payouts for each order will be sent via ACH transfer directly to the bank account collected during onboarding.
When Payouts are Received
Financed Orders:
Down payment (if applicable)
Upon receipt from the buyer, Ekho will transfer to the retailer.
Financed amount
Ekho will submit all required documents to the lender. Upon receipt of the financed amount, Ekho will transfer the financed amount less any downpayment paid, sales tax, and registration fees.
Additional fees and taxes
Once the retailer marks the unit as fulfilled, Ekho will transfer the remaining funds to the retailer. This may include items such as sales tax, registration fees, PDI & assembly fee, freight & delivery fee, F&I profits, etc.
Cash Orders:
MSRP
Upon receipt from the buyer, Ekho will transfer the MSRP to the retailer.
Additional fees and taxes
Once the retailer marks the unit as fulfilled, Ekho will transfer the remaining funds to the retailer. This may include items such as sales tax, registration fees, PDI & assembly fee, freight & delivery fee, F&I profits, etc.
Marking the order as picked up in the Retailer Portal.
Reconciling Payouts
Each payout will include a memo indicating the applicable order.