Payout Policy

Last updated: 2026-07-17

DRAFT (revamp 2026-07) — for SA attorney review only. Not legal advice. Not for publication.
Placeholders marked [TBD: …] require factual confirmation. Items marked [ATTORNEY-REQUIRED: …] require legal advice before this document may be finalised or published.
All statutory references in this draft are indicative and must be verified by counsel against the current text of each Act before any reliance or publication.

This Payout Policy ("Policy") governs how eRunna calculates, verifies, and transfers earnings to runners and merchants (together, "payees") who use the eRunna platform. It forms part of and should be read together with the eRunna Terms of Service, the Runner Agreement, and the Merchant Agreement (see "Related policies" below).

1. Scope and payee types

This Policy applies to two categories of payee:

Where a provision applies to one payee type only, this is stated explicitly. All other provisions apply to both categories.

2. Earnings — how amounts are calculated

2.1 Runner earnings

2.2 Merchant earnings

2.3 Earnings ledger

Payees may view their running balance and transaction history in the eRunna app. The ledger is generated from platform records and is the authoritative record for payout purposes.

3. Payee verification and know-your-payee requirements

Because payouts involve the movement of money, eRunna is required to apply customer due diligence ("CDD") measures to payees before releasing funds. These requirements arise from eRunna's obligations as a financial-services adjacent platform and from applicable anti-money laundering and counter-financing of terrorism ("AML-CFT") frameworks.

[ATTORNEY-REQUIRED: FICA accountable-institution status — counsel must confirm whether eRunna constitutes an "accountable institution" under Schedule 1 of the Financial Intelligence Centre Act 38 of 2001 ("FICA") in respect of its payout/money-movement operations. If so, the full suite of FICA obligations applies (CDD, enhanced due diligence for higher-risk payees, record-keeping, reporting). If not, counsel must advise on any alternative AML-CFT obligations and the extent to which the below provisions should be retained, amended, or removed. This section must not be published in its current form without that determination.]

3.1 Identification and verification

3.2 Merchant business verification

4. Requesting a payout

5. Payout methods and timing

6. Compliance holds and suspicious-transaction reporting

eRunna monitors payout activity for indicators of money laundering, fraud, or other financial crime. The following applies:

7. Record-keeping

8. Tax responsibilities

9. Payout disputes and corrections

10. Changes to this Policy

eRunna may update this Policy from time to time. Where a change is material, we will notify payees by in-app notification or email at least 14 days before the change takes effect (or such shorter period as may be required in an emergency or to comply with applicable law). Continued use of the platform after the effective date of any change constitutes acceptance of the revised Policy.

11. Contact

For queries about this Policy or your payout account:

Related policies