{"id":4765,"date":"2020-09-24T18:13:09","date_gmt":"2020-09-24T12:43:09","guid":{"rendered":"https:\/\/razorpay.com\/blog\/?p=4765"},"modified":"2024-10-14T15:33:59","modified_gmt":"2024-10-14T10:03:59","slug":"scheduled-payouts-on-razorpayx","status":"publish","type":"post","link":"https:\/\/razorpay.com\/blog\/business-banking\/scheduled-payouts-on-razorpayx\/","title":{"rendered":"Scheduled Payouts on RazorpayX – No More Embarrassing Misses"},"content":{"rendered":"

Introducing Scheduled Payouts – a new feature of RazorpayX Payouts that helps your business\u2019s money movement just a bit more!<\/span><\/p>\r\n

A payout is an important form of money movement for every business. As much as a business might want to focus on cash inflow, cash outflow plays a significant role in its financial management.\u00a0<\/span><\/p>\r\n

Why Scheduled Payouts?<\/span><\/h2>\r\n

At RazorpayX, we believe that money movement should be really easy. With RazorpayX Payouts, we solved many problems. But, the most important thing about payouts is that it needs to be done in a timely manner.\u00a0<\/span><\/p>\r\n

Isn\u2019t it simply mortifying if you committed to a payout and you weren\u2019t able to process it because of banking hours? Or, because it simply slipped your mind?<\/span><\/p>\r\n

You should not have to worry about banking hours, the number of payouts you need to make, not being able to add beneficiaries in bulk, or waiting out a cooling period<\/a>, even.<\/span><\/p>\r\n

While we have already worked extensively to simplify the payouts process, we\u2019re now bringing to you, <\/span>Scheduled Payouts<\/b>.<\/span><\/p>\r\n

So, what actually are Scheduled Payouts?<\/span><\/h2>\r\n

It\u2019s as obvious as the name, really!<\/span> RazorpayX allows you to schedule all your payouts to your beneficiary\u2019s bank account or VPA<\/a>, so they are processed at a later time.\u00a0<\/span><\/p>\r\n

With RazorpayX Scheduled Payouts<\/a>, you can plan and set up payouts to your vendors, employees, partners, and customers, well in advance. This way, your payouts never get delayed, and the services you avail don\u2019t get interrupted.\u00a0<\/span><\/p>\r\n\r\n

Try Scheduled Payouts<\/a><\/div>\r\n\r\n

How do Scheduled Payouts work?<\/span><\/h2>\r\n

As of now, the Scheduled Payouts feature is available only on the <\/span>RazorpayX Dashboard<\/span><\/a>. You can create two types of scheduled payouts – Individual and Bulk.\u00a0<\/span> Let\u2019s take a closer look at each one.<\/span><\/p>\r\n

\u00a0Individual Payouts<\/span><\/h3>\r\n