How to Schedule a Withdrawal in the Portal

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, located under the Admin tab.

From within the Withdrawal Schedules section, click the Schedule Withdrawal button.

A popup will appear, asking you to set the parameters of your scheduled Withdrawal.

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.

Once you’ve set all of your parameters, click Create Withdrawal.

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

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: Daily Weekly Monthly Annually One Time (use this response to create a payout that will only trigger once)
Amount Type & Amount	Required	Amount Type: Select whether you would like the payout to be for a percentage of the Referrer’s balance or an actual dollar amount from the dropdown menu. Available responses: Percentage Actual Amount: Based on the Amount Type you selected, enter either the dollar amount or percentage of the Referrer’s balance you’d like to send to their bank account.
Bank account to deposit withdrawal	Required	Select which of the Referrer’s bank accounts you’d 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 Referrer’s 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 Referrer’s 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 Schedule’s 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 Referrer’s 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
Weekends/Holidays	Optional
Debit	Optional	This will set up the withdrawal to debit the bank account for the payout amount.