Payments - Payouts

all payment payout related article

What does the following mean - ‘Transaction amount limit exceeded or no limit configured. Please call customer care/branch'?
This status means that the transaction amount limit has not been configured on your bank account to make transactions through aggregators like Open. In this...
Mon, 9 Aug, 2021 at 6:13 PM
How do I add vendors?
Go to ‘Payments' from the left-hand side panel and then click on ‘Payouts’. Click on the ‘Vendor' tab.  Click on '+ Create' and sele...
Thu, 30 Sep, 2021 at 5:55 PM
How can I make payments through a bill and what are the advantages of payments through bill?
Open bills helps you to manage all the bills in one place and you can easily pay your vendors through the bills by creating a bill and clicking on ‘Pay’. P...
Mon, 9 Aug, 2021 at 6:31 PM
What are payouts? How does it work?
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 ...
Mon, 9 Aug, 2021 at 7:20 PM
What is a payout link (uses)and how do we create payout links?
Payout Links help you to receive payments from customers by sending them links via email, SMS & WhatsApp. Payout links can be sent in cases where you do...
Mon, 9 Aug, 2021 at 6:55 PM
What is the difference between a payout and a payout link?
While creating a payout you require bank account details of the vendor but to create a payout link you don’t require the bank details of the vendor.
Mon, 9 Aug, 2021 at 6:21 PM
Can a payout link be cancelled?
Only links in the issued state can be canceled. It can be cancelled via Open dashboard.
Mon, 9 Aug, 2021 at 6:22 PM
Is the Payout Link cancelled if the payment for a Payout Link is rejected?
No, only the payment is rejected, but the link becomes active again. You must cancel the Payout Link if you do not want to make a payout.
Mon, 9 Aug, 2021 at 6:22 PM
Do Payout Links expire after some time?
No, as of now an expiry time cannot be set. The link has to be cancelled.
Mon, 9 Aug, 2021 at 6:23 PM
What happens to Payout Links if funds in an Open account are less/insufficient?
If the funds are insufficient and the user has submitted the link, the Payout Link will be in the processing state. Once sufficient funds are added, they wi...
Mon, 9 Aug, 2021 at 6:23 PM