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Who is bulk payment feature Idea for?
Bulk Payment feature is a simple, convenient and secure way to make payments directly to the bank accounts of multiple beneficiaries at the same time.
This feature is perfect for organizations to pay staff salaries. It is also useful for multi-Level marketing outfits to disburse payments to their network of members. Government can also use it to disburse welfare scheme to beneficiary’s accounts while companies can use it to pay salary of staffs.
How to set up bulk payment (withdrawal).
The process of bulk payment on VoguePay can be done in 3 different ways.
- Native implementation using command API: Developers can make use of our API access to send the right parameters to our REST API as documented in the developer doc.
- Add beneficiary from dashboard: Beneficiaries can be directly from the dashboard .
There are two ways that beneficiaries can be added to the list: manually or in bulk. Afterwards, payment will be sent out to the bank accounts of the beneficiaries listed.
- For manual entry, simply add the name and include other required information where payment will be sent to. Information like “Bank Swift Code”, “Bank Sort Code”, and “Bank IBAN Number” and/or “Bank Routing Number” can be obtained from the beneficiary or their banks.
- For bulk entry, upload an excel/spreadsheet document you have prepared that includes all the beneficiaries. Fill the information of the beneficiaries under the following categories: Account name, Account number, Amount, “Bank Code”, “Bank Sort Code”, and “Bank IBAN Number” and/or “Bank Routing Number” etc.
NOTE: Please note as follows:
- When updating the amount to be paid to the beneficiaries, ensure to convert the amount to be paid to the currency registered to your VoguePay account.
- To save the file in comma delimited format, i.e (*csv), go to the “File” menu and select “Save As.” and choose the csv format.
- For PC — CSV (comma delimited)(*.csv)
- For Macintosh — CSV (Windows format)
Then, upload the file. The names of the beneficiaries will be displayed with an option to edit it further.
You can review the details of the beneficiaries for additional, if additional correction is needed.
When you are confident that the information provided in OK, proceed to initiate bulk withdrawal by clicking “make withdrawal” button.
FEES:
A single transaction charge applies to every bulk payment. See details of all transaction fees here
TRANSACTION OVERVIEW:
if you have any records, all the records of your bulk payment will be available in your dashboard so you can access the status of payment to all beneficiaries.
What Next?
If you do not have an account yet? Register a free account on VoguePay to enjoy this and several other features.
This is cool, i never knew, i think this will be use to pay our members monthly
Thanks for sharing this info. it’s really nice.
Please, if I want to bulk pay people in Nigeria, are all those things required, i mean the sort code, iban and others
Why not just the account number and amount
Those details are optional especially for bulk payment to Nigerian users.
You can send money with just the users’ name, bank account and account numbers only.
It looks like bank name is also optional
please am in Nigeria how do i know the sincere of this company?
Hello Fiventures, thank you for reaching out to us.
I am very glad to inform you that we have helped over 100,000 merchants across the globe like you to receive payments in the last 7 years.
Today, we’ve grown exponentially and had operational offices across the United Kingdom, Bahrain, Estonia, and Nigeria.
Our PCI-DSS level 1 secured gateway, transactions are safer, cheaper and more accessible as we support millions of transactions annually.
We will be very pleased to see you join the over 100,000 happy merchants.
Please feel free to contact us via email – support@voguepay.com
Thank you.