Wallet & Payouts

Articles

• What is the Closo Wallet The Closo Wallet is a buyer-side balance you use to fund and pay for wholesale lots, with deposits handled through Stripe.
• Your Finances dashboard: profit, COGS & taxes Track profit and loss across your inventory: cost of goods, sale matching, profit breakdown, import and export your numbers, and set up rules to fill costs automatically.
• Making & responding to offers on wholesale lots Buyers can send offers on your wholesale lots; here's how an offer is made, how you accept, counter or decline, and what happens to the buyer's card.
• 1099-K and resale compliance for 2026 What changes in 2026, and what Closo does for you automatically.
• Identity verification: deposits vs. payouts There are two separate identity steps in Closo — one to make large Wallet deposits, and a different Stripe Connect onboarding to receive payouts.
• How payouts are scheduled Daily rolling payouts after a 2-day settlement window.
• Connect a bank with Plaid Plaid is the secure bridge between Closo and your bank. Closo never sees your bank password.
• Orders — managing your wholesale sales When someone buys one of your Sell lots, the order shows up here. Pack, ship, mark fulfilled.
• Taxes, 1099-K, and your year-end records What Closo sends to the IRS, how to pull your sale history, and what records to keep.
• Why my payout is on hold Why a wholesale Sell payout can be held: the per-order dispute window after delivery, and Closo's two operator safety switches.