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 side bar.
- 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.