Withdrawals are funds paid from the Xolo Go business account to your personal bank account.
At the end of each month, all funds that are older than one month are paid out automatically. Under the Withdrawals section, you can choose the payout date (by default, it is the 26th). You are of course able to initiate the withdrawal before that date manually.
If there is a reason that you need to keep the balance on your account for longer than a month, please reach out to our support team: support@xolo.io.
Withdrawal payments are executed by Xolo within one business day. However, in some cases when the withdrawal amount is higher, our partner bank will contact us for additional information just to make sure that everything is transparent and in line with policies. This process may take a few days, but we can assure you that your funds are coming your way.
Note that technically you initiate the distribution of partnership profits. Thus, the taxation obligations arising from receiving the partnership profit are dependent on the regulations in the country that you are a tax resident of.