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Scheduled Payouts

RazorpayX allows you to schedule payouts to your contact's bank account or VPA, so they can be processed at a later time. For example, you can use this feature to schedule salary payouts for your employees.

Salient features:

Note:

  • This feature is only available on the RazorpayX Dashboard. It is not available on APIs.
  • Currently, you cannot schedule payouts to cards.

How Scheduled Payouts Work#

Currently, this feature is only available on the Dashboard. You can create scheduled payouts individually via the Dashboard or using the Bulk Upload feature via the Dashboard.

The process to create scheduled payouts is similar to how you create a regular payout.

Individual Payouts#

You can create scheduled payouts individually via the Dashboard. To create a scheduled payout, select the following options while creating a payout:

  • Select Schedule the payout.
  • Select a date when you want the payout to be processed. You can schedule payouts up to 3 months in advance.
  • Select a time slot when you want the payout to be processed. There are 4 slots available to you. These are:
    • 9 a.m. to 10 a.m.
    • 1 p.m. to 2 p.m.
    • 5 p.m. to 6 p.m.
    • 9 p.m. to 10 p.m.

Once created, the payout acquires either the pending or scheduled state. It then follows the flow documented in the Life Cycle section.

Bulk Upload#

You can scheduled payouts created using the Bulk Upload feature. To do this, select the following options while uploading the bulk upload file:

  • Select Schedule the payout.
  • Select the date when you want the payout to be processed. You can schedule payouts up to 3 months in advance.
  • Select a time slot when you want the payout to be processed. There are 4 slots available to you. These are:
    • 9 a.m. to 10 a.m.
    • 1 p.m. to 2 p.m.
    • 5 p.m. to 6 p.m.
    • 9 p.m. to 10 p.m.

Once uploaded, the bulk file is picked up for processing immediately. Payouts created via the bulk upload acquires either the pending or scheduled state. It then follows the flow documented in the Life Cycle section.

Note:
You cannot use this feature to schedule when a bulk upload file is picked up for processing. Once uploaded, the bulk upload file is processed immediately. The individual payouts created are scheduled as per the selected options.