Payout Schedules Table
The Payout Schedules table contains the following information about the payout:
Payout Schedules Table Column Names | |
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Payout Schedules Table Column Names | |
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Name | The custom name given for the payout schedule. |
Frequency | The ongoing schedule of the payout, displayed as One Time or “Every __ days/weeks/months/years” |
Amount Type | The type of payout: Actual, Percentage, or Negative Percentage (charging the account instead of depositing). |
Amount | The amount of the payout. Set a specific dollar amount for “Actual” Amount Type. Set a percentage for “Percentage”. |
Float | An optional amount set as the minimum balance maintained in the account when a scheduled payout occurs. This is especially helpful when using a 100% daily payout schedule, to avoid potential overages from fee assessments or returns for example. |
Account | The bank account that will receive the deposit from the payout schedule. |
Schedule Payout Button | Opens the Schedule Payout lightbox allowing you to set or modify the exact parameters of the payout schedule. |
Payout Schedules Table Actions
The Payout Schedules table supports the following actions: create a new payout schedule, modify an existing payout schedule, and delete a payout schedule.
To create a new payout schedule for your account, follow the steps below:
Step 1: Click the Schedule Payout button in the upper right corner to open the Schdeule Payout lightbox.
Step 2: Enter all required settings, adding any desired optional information.
Step 3: Click the Schedule Payout button at the bottom of the lightbox to finish.
Result: The new payout schedule has been created and will be reflected on the Payout Schedules table and will begin to take effect on the set “Start” date.
To modify an existing payout schedule on your account, follow the steps below:
Step 1: Click the ⋮ icon next to the payout schedule you wish to modify and click Edit to open the Schedule Payout lightbox.
Step 2: Make any necessary adjustments.
Step 3: Click the Schedule Payout button at the bottom of the lightbox to finish.
Result: The modified payout schedule has been saved successfully. Any high-level payout schedule changes will be reflected on the Payout Schedules table. Applicable changes to the payout schedule amount, frequency, or other parameters will occur with the next payout.
To delete a payout schedule on your account, follow the steps below:
Result: The deleted payout schedule will be removed from the Payout Schedules table.
Schedule Payout Lightbox
The Schedule Payout lightbox is designed to allow users to quickly enter the information required to schedule a basic payout as well as advanced options to setup or modify the Payout Schedules
Schedule Payout Form Fields | |
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Schedule Payout Form Fields | |
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How often would you like to withdraw? | The frequency of the scheduled payout, displayed as One Time or “Every __ days/weeks/months/years” |
Bank account to deposit withdrawal. | The linked bank account that will receive the deposit from the payout schedule. |
Amount | The amount of the payout. |
Amount Type | The type of payout: Actual, Percentage, or Negative Percentage. |
Name | The custom name given for the payout schedule. |
Start | The date that the payout schedule will begin. |
Float | The dollar amount that will be withheld from the payout. |
Login | The user (login) ID used to log in to the portal and associated with your Merchant account. |
Description | A custom description given for the payout schedule. |
Minimum | A minimum amount optionally set as a requirement for the Payout Schedule to be disbursed. Warning: Overriding this setting may result in an overdraft. |
Maximum | A maximum amount optionally set as a limit for how much may be disbursed in the Payout Schedule. This is particularly helpful to help prevent overdrafts. |
