Use Case: Setup a Multi-Merchant Withdrawal Schedule
- Miles Graves
You can utilize Groups to create a standard Withdrawal Schedule for multiple Merchants or your entire portfolio by creating a Withdrawal Flow. This tutorial will walk 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
Warnings will provide insight or advice to avoid risk, visibility, and overall product performance issues during this use case.
Warning: New Withdrawal Flows configured in Groups cannot be retroactively applied to existing Merchants. It’s recommended to setup your Withdrawal Flows as part of your initial Merchant Group setup before you board Merchants.
Tips
Tips will provide suggestions to streamline or better prepare you to apply this use case tutorial.
Additional Resources
See the following references to help you get started:
For more information about Withdrawal Schedules and Disbursements, visit the Disbursements & Payouts (Withdrawals) section.
Setup the Multi-Merchant Withdrawal Flow
1. Access the Group Profile page.
Step 1: Click Groups under the Management category in the left-hand navigation panel.
Step 2: Click on the listed Group you want to apply the Withdrawal Flow to open its Group Profile.
2. Add a Withdrawal Flow
Step 1: Click Withdrawal Flows from the left-hand menu to open the Withdrawals tab.
Step 2: Click the Add Withdrawal Flow button to open the Add Withdrawal flow lightbox.
Step 3: Configure the Withdrawal flows with the following parameters:
Parameter | Recommended Value |
|---|---|
Repeat Every | “1” and “Days” |
Type | Percentage |
Amount | 100.00 |
Trigger | Board |
Step 4: Click the Add button 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
Once the Withdrawal Flow is set up 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 with the Balance Daily Disbursements use case.
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]