Bulk Payouts with BlockATM
BlockATM simplifies the process of receiving payments for merchants by providing a secure and efficient platform that supports various cryptocurrencies. Integrating BlockATM's payment solution into your merchant platform allows you to accept payments quickly and easily.
How to send Bulk Payouts
Method
API Integration: Your merchant platform must integrate with BlockATM's API and Webhooks to enable the BlockATM bulk payout process. This integration lets you send your customer's payout requests to our backend via API. Once the transaction is complete, a callback notification is sent via Webhooks. API Document: https://blockatm.readme.io/reference/qr-code-payment
Manual Upload: Navigate to the "Bulk Payout" Menu, and then click on the Create Orders tab, here you can find the Excel template for manual upload of the payout requests, download it and follow the template to insert your payout request, after then, upload the file via the same page, the orders will be placed to the Processing Orders tab automatically.
T+1 Settlement
At BlockATM QR PAY, we've implemented a T+1 Settlement process for all payout requests:
How Does it Work?
Request Submission: When you submit a payout request, the submission date is considered "T" (Trade Date).
Processing: On the day following the Trade Date (T+1), we process your request. This includes verifying the transaction details and preparing the transfer of funds.
Fund Transfer: Once processed, the funds are transferred to your customer's wallet address. Your customers will typically receive the funds by the end of the T+1 business day.
Confirmation: After the transfer is complete, we will send you a notification via webhook and also update the TXID to the merchant backend, you can navigate to the "Bulk Payout" Menu, and go to the Paid Orders tag to check the transaction details.
Viewing Payment History
Dashboard Access: Log in to your BlockATM dashboard.
Payment History: Navigate to the "Total Payout" card to view a detailed history of all payments received.
Bulk Payout Menu: Navigate to the "Bulk Payout" Menu, there are 3 main tabs, Processing Orders shows all payout requests which is in process; Paid Orders shows all completed payout requests; and Create Orders allows you to upload the payout requests manually.
Handling Payment Failures
If a payment fails, it is crucial to investigate the cause. Common reasons for failure include incorrect wallet addresses or insufficient balance. If the issue persists, contact BlockATM support for assistance.
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