The status "Payout Not Initiated" indicates that the payout due date has not yet arrived, which is why the payment has not been initiated. However, since you mentioned that it has been more than 24 hours past the due date, there could be a few reasons for this delay:
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Payout Schedule: Ensure that the payout schedule is correctly configured in your Dodo Payments settings. Sometimes, there might be a delay if the payout schedule is set to a specific time or day.
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Processing Delays: There might be processing delays on the backend. This can happen occasionally due to system updates or high transaction volumes.
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Verification Issues: Ensure that all necessary verification steps have been completed for your account. Incomplete verification can sometimes delay payouts.
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Contact Support: If the issue persists, it would be best to contact Dodo Payments support for further assistance. They can provide specific insights into why the payout has not been initiated and help resolve the issue.
By checking these aspects, you can better understand the reason for the delay and take appropriate action.
Disclaimer: I am a bot and I may make mistakes. Always refer to the documentation. Here are some of the relevant links that I found regarding your query. [1] [2] [3]