Use Case: Setup a Multi-Merchant Withdrawal Schedule
- Miles Graves
- Ada Li
You can use groups to create a standard withdrawal schedule for multiple Merchants or your entire portfolio by creating a withdrawal flow. This tutorial walks you through the steps to configure a withdrawal flow for a group of Merchants.
Objective
Create a withdrawal flow for a group to automatically schedule daily withdrawals for multiple Merchants at once.
Audience
Facilitators
Referrers
Environment
Portal (Sandbox)
Portal (Production)
Prerequisites
Prerequisites:
You must have a fully boarded Payrix account to perform any of the actions described in the use case guides.
Warnings
Warning: New withdrawal flows configured in groups cannot be retroactively applied to existing Merchants. Set up your withdrawal flows as part of your initial Merchant group setup before you board Merchants.
Tips
Additional Resources
See the following references to help you get started:
For more information about withdrawal schedules and disbursements, see Disbursements & Payouts (Withdrawals).
Setup the Multi-Merchant Withdrawal Flow
1. Access the Group Profile page.
Click Groups under the Management category in the left navigation panel.
Select the listed group that you want to apply the withdrawal flow to.
2. Add a Withdrawal Flow
Click Withdrawal Flows from the left menu to open the Withdrawals tab.
Click Add Withdrawal Flow to open the Add Withdrawal Flow lightbox.
Configure the withdrawal flow with the following parameters:
Parameter | Recommended Value |
|---|---|
Repeat Every | 1 and Days |
Type | Percentage |
Amount | 100.00 |
Trigger | Board |
Click Add to finish creating the withdrawal flow for the group.
Result: Your withdrawal flow is now configured, and all Merchants who are members of the group will automatically receive 100% of their daily funds in the form of a withdrawal payout.
Next Steps
After setting up the withdrawal flow for your preferred Merchant-enrolled group, review the following guides for additional information on related topics:
Balance Daily Disbursements: Learn how Merchants can balance the daily withdrawal disbursements created by your withdrawal flow.
Conclusion
Your withdrawal flow is configured, and your Merchants will receive 100% of their daily settled funds.
References
Click the links or items below to access any of the following pages:
Groups page [Referrers][Facilitators]
Group Profile page [Referrers][Facilitators]