How to Schedule a Withdrawal in the Portal
- Betsy Harbison
Use this guide provides step-by-step instructions on how to use the Softrip Payments Portal to schedule withdrawals (payouts) for Referrers.
Using the Payrix Portal, you can easily create a withdrawal of funds for yourself or a Referrer. You can set up a one-time balance withdrawal or recurring balance withdrawal based on your preference.
Scheduling Withdrawals
From the Portal Dashboard, click Withdrawals,Ā located under the Admin tab.
From within the Withdrawal Schedules section, click the Schedule Withdrawal button.
Ā
A popup will appear, asking you to set the parameters of your scheduled Withdrawal.
Ā
You can configure the frequency of the payout, specific dollar amount or percentage, and which bank account they will receive their ACH balance payout in.
Clicking Advanced Options within the popup will reveal a larger set of parameters you can use to customize your scheduled Withdrawal.
Ā
Once youāve set all of your parameters, click Create Withdrawal.
Ā
Note: The most common Withdrawal Schedule is configured to send a Referrer 100% of their available balance daily. This pays out Referrers 100% of their earnings daily.
Scheduled Withdrawal Form Fields
Field | Required | Description |
|---|---|---|
How often would you like to withdraw | Required | Select your preferred frequency for the Referrer to receive a payout from the dropdown menu. Available responses:
|
Amount Type & Amount | Required | Amount Type: Select whether you would like the payout to be for a percentage of the Referrerās balance or an actual dollar amount from the dropdown menu. Available responses:
Amount: Based on the Amount Type you selected, enter either the dollar amount or percentage of the Referrerās balance youād like to send to their bank account. |
Bank account to deposit withdrawal | Required | Select which of the Referrerās bank accounts youād like their payouts to be sent to from the dropdown menu. By default, the Referrer-provided primary bank account will be selected. |
Name | Optional | Enter a custom name for the Withdrawal Schedule. This optional field can be particularly useful for Referrers with multiple Withdrawal Schedules. |
Float | Optional | A float amount is a dollar amount that you can enter that will be withheld from the Referrer's payout and will remain in their Payrix balance. For example, a $10.00 float on a 100% daily Withdrawal Schedule means $10.00 of the Referrerās available balance will be withheld in their Payrix account and not sent to their bank account. |
Login | Optional | By default, this field is not required because the Referrerās Payrix Login ID is used. If you wish to hide this Withdrawal Schedule from the Referrer when they log in to the Portal you can enter an alternate Payrix Login ID in this field. |
Start | Optional | By default, a Withdrawal Scheduleās start date will be the date it is created. However, you can select a future start date for the Withdrawal Schedule by clicking on the calendar icon and selecting a different date. |
Description | Optional | This optional field is intended for you to add a custom description to the Withdrawal Schedule as needed. |
Minimum | Optional | By default, the minimum payout amount is $10.00. If a Referrerās available balance is below this amount their Withdrawal will not trigger. You can update this field to an amount greater than $10.00 if you desire. |
Maximum | Optional | You can set an optional maximum amount of an individual payout. For example, if this field is set to $10,000.00 and the Referrer has an available balance of $11,000.00, $1,000.00 will be withheld from their payout. |
Billing Schedule | Optional | Ā |
Weekends/Holidays | Optional | Ā |
Debit | Optional | This will set up the withdrawal to debit the bank account for the payout amount. |