Payout is a fund transfer (payment) made to your vendors for the goods/services purchased from them.
Making a payout is simple in Open.
You can follow the steps below:
- Go to 'Payments' and then click on ‘Payouts’.
- Click on 'Payout'and then click on 'Create'.
- Once you get the Create Single Payout screen. Select the account through which the payout has to be made in the “Transfer From” drop-down menu. Select the ‘Vendor’ from the Vendor dropdown menu. Enter the ‘Amount’ you have to pay and select the 'Mode of Payment' from the drop-down menu and click on the 'Next' button from the right sidebar. You will receive an OTP on your registered email address and registered mobile number.
- Click ‘Send Now’ after you enter the OTP & the payout will be made.