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Vendor Payments

Partial Payouts

Partial Payouts

Make and understand how partial payouts work on RazorpayX Vendor Payments.

Partial payouts are payouts made in small chunks at periodic intervals to the vendor.

Businesses often come across the need to make partial payouts to make an advance payment before procuring the goods or alternately, as a guarantee of service.

Partial payouts are also useful in such cases. They can also be helpful where payouts are made at regular intervals to a vendor, similar to monthly installments or EMIs.

Using RazorpayX, you can make partial payouts on a given invoice. The Partial Payouts feature eliminates the need for mulitple invoices and allows you to make many smaller payments on the same invoice.

How it Works

Here is a typical business use case that explains how partial payments work:

  1. You receive either a proforma invoice (an invoice which is provided before delivery of the goods/services) or payment terms (details of advances, due date, delivery date, and so on) before accepting/confirming the order.
  2. Create a vendor payment with or without uploading a proforma invoice.
  3. Pay an advance to the vendor based on payment terms.
  4. You receive a second invoice post-delivery of goods/services.
  5. Replace/Upload the latest invoice after receiving it.
  6. Make a partial payment because one of the goods was not delivered or because of service quality issues.
  7. The vendor rectifies/completes the pending transaction and sends an updated invoice.
  8. Pay the remaining amount to match the new invoice amount.

Make Partial Payouts

To make a partial payout:

  1. Log in to your

    RazorpayX Dashboard

    .
  2. Navigate to Menu → Vendor Payments.
  3. Select the invoice you want to pay partially. A pop-up screen appears to the right side of the screen.
  4. In that window, click or hover on the options arrow next to the PAY/SCHEDULE button for the drop-down menu to appear. Here, click PAY PARTIALLY.
    Select Pay Partially in the pop-up window on RazorpayX
  5. You must now create a payout.
    • In the New Payout window, enter the Contact's valid details and

      create a Fund Account

      if the Contact doesn't have one. You can also select the

      Contact type

      to be Vendor.
    • Your contact, fund account and payout progress is automatically saved in RazorpayX. If you quit the New Payout window, or click BACK, you can always restart from the Edit Invoice Screen, as shown.
      Edit Invoice screen showing all the invoice details
  6. Finalise all the payout details and click Next.

    Handy Tips

    • If you click on Pay in Full instead of paying partially, the invoice gets updated to match the same. You can select Pay Partially once again to update the invoice.
    • Ensure to enter the correct amount when making partial payout. This amount should always be less than the actual payment to be made.
  7. Enter OTP and complete the payment.

After you make a Partial Payout, the invoice status changes to Partially Paid.

Related Information

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