Payments - Payouts

all payment payout related article

What are the different payment modes available for sending payouts?
You can send money to your vendors via UPI/NEFT/RTGS/IMPS on Open. You need to add money to your Open account to send money to your vendors or you can also ...
Mon, 9 Aug, 2021 at 6:40 PM
What is the maximum limit upto which we can send payouts?
Below are the default payouts limits (daily & monthly) which was determined based on the entity type considering the risk involved: Individual - Daily ...
Mon, 9 Aug, 2021 at 6:42 PM
How long does it take for the payments to be processed/settled?
All payments will be processed as per the defined timelines of the payment mode. Here’s the list of payment modes alongside the time they take to process N...
Mon, 9 Aug, 2021 at 6:44 PM
Can I send money if my KYC is not complete?
As per the RBI guidelines, sending money is disabled unless you complete KYC along with the withdrawal account.
Mon, 9 Aug, 2021 at 6:44 PM
How to add money to the Open account?
To “Add Money” to your Open account, navigate to the “Dashboard” section on the left side panel and click on the “Add Money” tab. You can add money either ...
Mon, 9 Aug, 2021 at 6:39 PM
What are the payout charges?
It’s readily available in the open. money pricing page: https://open.money/pricing?p_url=https:%2F%2Fopen.money%2F
Mon, 9 Aug, 2021 at 6:46 PM
Where do I see my outgoing payments and transaction status?
You can see outgoing payments and all other transactions by following the below steps: 1.Go to ‘Payments’ section and Click on ‘Payouts’. 2.Select ‘Vendor...
Mon, 9 Aug, 2021 at 6:11 PM
I have initiated a transaction by mistake. What should I do?
A transaction initiated cannot be called back. You need to contact your bank to take action on this.
Mon, 9 Aug, 2021 at 6:45 PM
What does ‘pending for processing’ transaction status mean?
‘Pending for processing’ happens in different scenarios: It takes place when the transaction hasn’t been approved by the checker in case the maker-checker...
Mon, 9 Aug, 2021 at 6:57 PM
What does ‘initiated’ transaction status mean?
This status will appear when you make a transaction but Open hasn’t received a response from the partner bank about the current status of the transaction. I...
Mon, 9 Aug, 2021 at 6:16 PM