After you receive a successful payment via WooCommerce Payments, the balance of that payment, after transaction fees, will be added to your account balance. This account balance is regularly transferred into your bank account or debit card. With WooCommerce Payments, these transfers are referred to as Deposits.
If you are familiar with Stripe, you may be familiar with Payouts. Payouts occur when part of your Stripe account’s balance is transferred into your bank account. Payouts with Stripe are the same as Deposits with WooCommerce Payments.
The naming difference is based on feedback from WooCommerce merchants who preferred “Deposits.”