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Payout

GOPayments Payout is a comprehensive solution that allows businesses to send cryptocurrency payments to customers, vendors, and partners. This feature enables merchants to process instant payouts, schedule recurring payments, and manage bulk transfers while supporting multiple cryptocurrencies and blockchain networks.

What is Payout?​

GOPayments Payout enables businesses to:

  • Send instant cryptocurrency payments to recipients
  • Schedule recurring and one-time payouts
  • Process bulk payments to multiple recipients
  • Manage payout schedules and automation
  • Track payout history and status
  • Support multiple cryptocurrencies and networks
  • Integrate with existing business workflows

Key Features​

  • Instant Payouts: Send payments immediately to recipients
  • Scheduled Payouts: Set up recurring and future-dated payments
  • Bulk Payments: Process multiple payouts simultaneously
  • Multi-Currency Support: Send payments in various cryptocurrencies
  • Network Flexibility: Support for multiple blockchain networks
  • Automated Scheduling: Set up automated payout schedules
  • Status Tracking: Real-time payout status monitoring
  • API Integration: Programmatic payout management

Instant Payouts​

Creating an Instant Payout​

Send immediate cryptocurrency payments:

  1. Access Payout Dashboard

    • Log in to your GOPayments dashboard
    • Navigate to "Balance" → "Payout"
    • Click "Send Instant Payout"

  2. Recipient Information

    • Recipient Name: Name of the person receiving payment
    • Wallet Address: Destination cryptocurrency wallet address
    • Network: Blockchain network for the payment
    • Email: Recipient's email for notifications (optional)
    • Phone: Recipient's phone number (optional)

  3. Payment Details

    • Amount: Payment amount in cryptocurrency
    • Currency: Cryptocurrency to send (BTC, ETH, USDT, USDC, etc.)
    • Network: Blockchain network (Bitcoin, Ethereum, Solana, etc.)
    • Description: Payment description or memo
    • Reference: Internal reference number

  4. Fee Configuration

    • Fee Payer: Who pays the network fees
      • Sender Pays: You pay the network fees
      • Recipient Pays: Recipient pays the network fees
    • Fee Amount: Estimated network fee
    • Total Amount: Total amount including fees

  5. Review and Send

    • Review Details: Double-check all payment information
    • Confirm Payment: Send the payout
    • Transaction Hash: Receive blockchain transaction hash

Supported Networks for Instant Payouts​

  • Bitcoin (BTC): Bitcoin network
  • Ethereum (ETH): Ethereum network with ERC-20 tokens
  • Solana (SOL): Solana network with SPL tokens
  • TON: TON blockchain network
  • Arbitrum One: Arbitrum network
  • BNB Smart Chain: BSC network with BEP-20 tokens

Scheduled Payouts​

Creating a Payout Schedule​

Set up automated recurring payments:

  1. Access Schedule Management

    • Navigate to "Balance" → "Schedules"
    • Click "Create New Schedule"

  2. Schedule Configuration

    • Schedule Name: Descriptive name for the schedule
    • Recipient: Who receives the payments
    • Amount: Payment amount per schedule
    • Currency: Cryptocurrency to send
    • Network: Blockchain network

  3. Frequency Settings

    • Frequency: How often to send payments
      • Daily: Every day
      • Weekly: Every week on specific day
      • Monthly: Every month on specific date
      • Quarterly: Every quarter
      • Annually: Every year
    • Start Date: When to begin the schedule
    • End Date: When to stop the schedule (optional)
    • Time Zone: Time zone for schedule execution

  4. Advanced Options

    • Auto-Execute: Automatically send payments
    • Manual Approval: Require approval before each payment
    • Notification Settings: Email/SMS notifications
    • Failure Handling: What to do if payment fails

Managing Payout Schedules​

Monitor and control scheduled payouts:

  1. Schedule Dashboard

    • Active Schedules: Currently running schedules
    • Paused Schedules: Temporarily stopped schedules
    • Completed Schedules: Finished schedules
    • Failed Schedules: Schedules with errors

  2. Schedule Actions

    • Pause Schedule: Temporarily stop a schedule
    • Resume Schedule: Restart a paused schedule
    • Edit Schedule: Modify schedule parameters
    • Delete Schedule: Remove a schedule permanently
    • View History: See all payments from a schedule

  3. Schedule Monitoring

    • Next Payment: When the next payment will be sent
    • Payment History: All payments sent by the schedule
    • Success Rate: Percentage of successful payments
    • Error Logs: Details of any failed payments

Getting Started​

Ready to start using GOPayments Payout? Follow these steps:

  1. Create Account: Sign up for a GOPayments account
  2. Fund Account: Add cryptocurrency to your account
  3. Add Recipients: Set up recipient wallet addresses
  4. Test Payout: Send a small test payment
  5. Set Up Schedules: Create recurring payout schedules
  6. Monitor Performance: Track payout success and costs

GOPayments Payout makes cryptocurrency payments simple, fast, and reliable. Start sending payments to your recipients today!