X

Payouts

Scheduled

Scheduled Payouts

Use the Scheduled payouts to set up payouts up to 3 months in advance.

Use the RazorpayX Scheduled payouts to schedule payouts to your Contact's bank account or VPA, to be processed at a later time. For example, you can use Scheduled payouts to schedule salary payouts for your employees.

  • Your account balance is not blocked when you create a Scheduled payout.
  • You can schedule as many payouts as you like irrespective of your account balance. We check your account balance at the time of processing.
  • You can schedule payouts up to 3 months in advance, thus allowing you to better plan the float in your account.

Handy Tips

  • This feature is only available on the RazorpayX Dashboard. It is not available on APIs.
  • You cannot schedule payouts to cards.

How it Works🔗

You can create Scheduled payouts via the RazorpayX Dashboard or using Bulk Upload.

The process to create a Scheduled payout is similar to how you create a regular payout.

  1. Create a Contact.
  2. Create a Fund account for the Contact.
  3. Create a payout.

Individual Payout🔗

Watch the video to see how to schedule an individual payout.

You can create a Scheduled payout via the RazorpayX Dashboard. To create a Scheduled payout, select the following options while creating a payout:

  1. Select Schedule the payout.
  2. Select a date when you want the payout to be processed. You can schedule payouts up to 3 months in advance.
  3. Select a time slot when you want the payout to be processed. Following are the 4 slots available:
  • 9 a.m. to 10 a.m.
  • 1 p.m. to 2 p.m.
  • 5 p.m. to 6 p.m.
  • 9 p.m. to 10 p.m.

After a payout is created, it moves to the pending or scheduled state. Know more about the states and the life cycle of a payout.

Bulk Upload🔗

Watch the video to see how to schedule bulk upload.

You can create Scheduled payouts created using Bulk Upload. Select the following options while uploading the bulk upload file:

  1. Select Schedule the payout.
  2. Select the date when you want the payout to be processed. You can schedule payouts up to 3 months in advance.
  3. Select a time slot when you want the payout to be processed. Following are the 4 slots available:
  • 9 a.m. to 10 a.m.
  • 1 p.m. to 2 p.m.
  • 5 p.m. to 6 p.m.
  • 9 p.m. to 10 p.m.

After a bulk file is uploaded, it is picked up for processing immediately. Payouts created via the bulk upload move to either the pending or scheduled state. Know more about the states and the life cycle of a payout.

Handy Tips
You cannot use this feature to schedule when a bulk upload file is picked up for processing. Once uploaded, the bulk upload file is processed immediately. The individual payouts created are scheduled as per the selected options.

Life Cycle🔗

A scheduled payout can have the following statuses during its life cycle:

  • pending
  • scheduled
  • processing
  • processed
  • reversed
  • cancelled
  • rejected
  • failed

Know more about the states and the life cycle of a payout.

Handy Tips
The Pending and Rejected states are available only if you have Approval Workflow enabled on your account.

Payouts Demo🔗

Check out the RazorpayX Payouts Demo to understand how to create and make payouts in 4 simple steps. Experience making payouts in a jiffy, without having to sign up!

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