Save valuable time and unnecessary hassle – use Batch Payment to make multiple payments to your service providers without having to fill in your payment details each time. It’s great for businesses that have recurring invoices or need to make multiple payments at once.
Keep reading to learn how to create and send batch payments to your service providers. If you have not yet signed up to initiate payments, you’ll need to do that first.
1. Sign in to Payoneer.
2. Click Pay in the left menu, and then Batch payment.
3. If you have not yet added a bank account to your payment methods, you’ll need to do that before you can create and send a batch payment.
4. Download the batch payment file template.
5. Enter your payment details as follows: for each payment, enter the recipient email in column A, payment amount in column B, payment currency in column C (currently only USD payments are supported in Batch Payment), and payment description in column D.
Save the file to your computer, making sure to preserve your column headers.
6. Now that the batch payment file is ready, drag and drop the file or upload it from your computer.
7. Review the payments to make sure everything is correct and that there are no issues to resolve.
If there is a mistake in your batch payment file, you can delete individual payments by clicking the trash bin icon next to the payment line or click Change file to upload a different file.
8. Once you are ready to proceed, click CONTINUE.
9. Select the bank account you would like to pay with and confirm your account number for security purposes.
Note: at this time, you can make batch payment using eCheck only.
10. Next, choose who pays the fee: you the payer, or your recipients.
Note: According to EU regulations, if any recipient of a payment in your batch payment file resides in an EU country, the payment fee will automatically be charged to him or her. In this case, this rule will apply to all payments in your batch file regardless of the other recipients’ location.
11. When you’re ready, click PAY to complete payment.
12. That’s it! Your batch payment is sent. You’ll receive a confirmation email for each payment in the batch. You can track your payments in the Transactions page of your Payoneer account.
Start sending batch payments! Don’t have account? Sign up immediately .Subscribe