How to schedule settlements?

Scheduled settlements are the option that allows you to automate the withdrawal process by setting up certain conditions, like frequency, amount, and method for a planned payment.

There are two settlement types:

– of a specific amount – if you want to withdraw only a certain amount from one of your Available balances;

– of the total amount – when all available funds will be withdrawn to a specified recipient.

Possible settlements frequency:

– Bi-weekly – such withdrawals will be initiated twice a week, on Monday and Wednesday;

– Weekly – when the settlement is automatically created on a fixed day of the week (Monday-Friday);

– Monthly – the withdrawal is initiated once a month.

How to create scheduled settlements?

1.In the Withdrawals section of your merchant panel, select the Scheduled settlements option and click the Add new button.

2.Select the payment method and the verified recipient (or template).

If you do not yet have the verified recipient, please create one and submit the required information. Our team will review your request as soon as possible, and if the recipient is verified, you will be able to proceed with the scheduled settlements.

3.Choose Custom amount or All amount and payment frequency.

4.Specify the balance you want to withdraw from, indicate the required amount (if you’ve chosen the Custom amount option), and transfer currency.

Please consider the selected method’s minimum and maximum limits when indicating the payment amount.

5.Press Next.

6.Review the settlement details and edit if needed.

7.Click Save settings to save the planned settlement.