Hi Theodore Roxas,
Hope you are having a great day.
With regards to your question. Payouts that are for release are for the orders that are successfully delivered already to your buyer. But this is still in the process of being credit to your Bank account.
Lazada has a weekly cut off that starts from Monday to Sunday and payout of that cut off depends on the type of your registration as a Seller here in Lazada.
For Micro Seller it is Thursday on the following week and for Corporate Seller it is every Tuesday of the following week. For New Seller's the First payout is delay about 2-3 weeks because of verification procedure to check your Business information/ Valid ID , Registration and Bank Account Information. You need to make sure that the name in your Documents and Bank account is aligned. No worries ,because you will be receiving your first payout on the 4th week.
Products that are still on to ship status are not yet included on the payout that are to be release , once they are tag as delivered that is when they will be credited on your payout.
To check more information of Corporate Seller Payout, click this link:/article/payout-faqs-for-corporate-sellers-1296100-hc
To check more information of Micro Seller Payout, click this link:/article/payout-faqs-for-individual-sellers-1296000-hc