As a business owner, have you ever had to make a crucial payment to your vendor or customer, but you couldn’t process it because of fixed banking hours? 

Delayed payouts often lead to interrupted service. And, with RazorpayX, you can solve all your payouts related problems in a matter of minutes, and further simplify all of your business banking operations.

Here’s how. 

How RazorpayX simplifies payouts

  • Make payouts, disbursals, and refunds via UPI, IMPS, RTGS, and NEFT, at any time of the day, instantly
  • No hold-up upon adding a contact; transact immediately
  • Upload any number of contacts in one go, without dealing with confusing file formats
  • Create payouts in bulk via APIs or directly from the dashboard
  • Offer 24*7 instant refunds to your customers and vendors etc., without any manual intervention
  • Add multiple team members with access control and secure payments with 2-factor authentication
  • With intelligent error code mapping, identify errors without any trouble
  • Reconcile refunds and failed payments in ease
  • Track, automate, and accelerate money movements and make impactful business decisions

How to make a payout

Step 1: Go to your RazorpayX Dashboard and navigate to MenuPayouts

Step 2: Click on +Payouts. You can create a single or bulk payout

Step 3: You can select an existing contact or add the name, contact type, phone number and email id, account details of your new contact

How to make a payout

Step 4: Enter payout amount, purpose & choose the payment method (IMPS, NEFT, RTGS) and click on ‘Next’

How to make payouts

Step 5: Enter the OTP for verification and confirm the creation of your payout 

Step 6: Click on ‘Create Payout

How to make payouts

Types of payouts on RazorpayX

Bulk payouts – You can make your payouts in bulk, all at once. Simply upload all your contacts, sit back, and relax. RazorpayX will take care of all your outflow.

Payouts queue – If you need to make a payout and your account is low on funds, RazorpayX will queue your payouts that go over balance, and process your payouts when you add funds to your account.

Scheduled payouts – RazorpayX allows you to schedule all your payouts to your beneficiary’s bank account or VPA, so they are processed at a later time. 

Make fast, effective payouts to your customers, vendors, employees, and partners, and track all forms of money movement with RazorpayX.

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Harshitha Rao
Author

Harshitha is a content marketer at the future-forward RazorpayX. She has an insatiable love for travel and culture, rock music, and the work of Neil Gaiman.

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