Automated Payouts - Pay your vendors directly via your PayPal or Stripe account
This article demonstrates how you as a merchant can activate automated payouts for your vendors. You will be able to pay your vendors either to their PayPal email or directly to their bank account.
This feature is currently in Beta. Please reach out via the support chat bubble or email support@puppetvendors.com
PayPal or Stripe payouts must be activated with at least one vendor account linked.
Visit Settings
Followed by Payouts
Simply select a Payout Date which activates the monthly payout. The recommended payout date is the 14th of each month. This helps with the following:
A low fee mechanism to make payouts via PayPal or Stripe as there are associated fees to the number of payouts created.
Provides enough buffer time to account for returns and refunds so you do not overpay your vendors
Payouts are only made to vendors whose PayPal or Stripe connected account is available
When payouts is activated, vendors are automatically prompted to complete this information on their end
By default, once automated payouts is activated, it is enabled for all vendors. However, you have the ability to enable and disable them on an individual vendor level.
Visit the vendor listing page
Go to vendor specific settings
Scroll to the Automated payouts section and select the desired option and then click on the save button
This feature is currently in Beta. Please reach out via the support chat bubble or email support@puppetvendors.com
Minimum Requirements
PayPal or Stripe payouts must be activated with at least one vendor account linked.
Steps to activate automated payouts
Visit Settings
Followed by Payouts
Simply select a Payout Date which activates the monthly payout. The recommended payout date is the 14th of each month. This helps with the following:
A low fee mechanism to make payouts via PayPal or Stripe as there are associated fees to the number of payouts created.
Provides enough buffer time to account for returns and refunds so you do not overpay your vendors
Important consideration for Automated Payouts
Payouts are only made to vendors whose PayPal or Stripe connected account is available
When payouts is activated, vendors are automatically prompted to complete this information on their end
How to disable Automated Payouts for a particular vendor
By default, once automated payouts is activated, it is enabled for all vendors. However, you have the ability to enable and disable them on an individual vendor level.
Visit the vendor listing page
Go to vendor specific settings
Scroll to the Automated payouts section and select the desired option and then click on the save button
Updated on: 20/11/2024
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