Availing Payout Funds

Some merchants wish that collected funds can be used for processing payouts/disbursements. This section what the merchant needs to do to avail balance for handling payouts

The platform requires that the merchant explicitly requests for funds to be availed for payouts/disbursements. This way, the merchant has full control of what their collections/deposits are used for. When the merchant initiates this request on the platform, the finance team handles the request and when approved, the merchant will be notified via email.

Step 1: Click on Sub-Account Transfers Menu.

Step 2: Click on "Create" Button.

Step 3: Click "Payout Funds Transfer".

Step 4: Click "From Account" dropdown. Select Account.

Step 5: Click "From Wallet" dropdown. Select Wallet.

Step 6: Click "Receiver Account" dropdown. Select Account.

Step7: Click "To Wallet" dropdown. Select Wallet.

Step 8: Click the "Transfer Amount " field. Enter Amount.

Step 9: Click the "Narration/Purpose" field. Enter Narration.

Step 10: Click "Create" button.

Step 11: Click "Submit For Processing" button.

Step 12: Click Confirm "Submit For Processing" button.

Step 13: Click Close to return to the Sub Account Transfers Report.

Once the finance executes the transfer and approves, you'll have funds available for doing payouts and therefore can proceed to send funds to your desired recipients.