You can automatically add a recurring withdrawal of funds when creating or onboarding a new merchant account by setting up a withdrawal flow. This article shows you how to schedule a withdrawal flow associated with a Group of merchants. All merchants added to that Group automatically receive the same withdrawal schedule.
Important!
New withdrawal flows configured in groups cannot be retroactively applied to existing merchants. Set up your withdrawal flows as part of your initial merchant group setup before you onboard merchants.
For merchants that are already onboarded, you can create an individual custom withdrawal schedule. See Withdraw from Your Available Balance for more information.
Set Up a Scheduled Withdrawal Flow
To schedule a withdrawal flow for a new merchant account:
Access a group’s profile:
Select Groups under Management in the main side bar.
Find the group name and select any information for the group to open the Group Profile page.
If you need to create a group, see Set Up a Group.
Select WITHDRAWAL FLOWS in the page side bar.
Click ADD WITHDRAWAL FLOW.
Enter a numerical value in the Repeat Every field to indicate the withdrawal frequency, then select the recurring interval from the right dropdown menu. Choose from Days, Weeks, Months, or Years.
Select the type of withdrawal: Percentage, Actual, or Negative Percentage (a dollar amount).
Enter the amount as a two-decimal number (for example, 26.00 for 26% or $26).
Select Create (for new merchant accounts) or Board (for new merchants fully approved and onboarded to Payrix Pro) from the Trigger dropdown menu.
(Optional) Clear Skip weekends/holidays to process the withdrawal during non-banking hours.
Note
This checkbox is only displayed when BILLING is not set, regardless of the selected schedule.
(Optional) Select Debit to create a withdrawal from a listed bank account to your available balance in the same amount you’re configuring.
(Optional) Select Same day to allow same day withdrawals for the withdrawal flow. Note that this might incur an additional fee (check with your payment processor or issuer).
Click Add to complete the process.
When a merchant is boarded or created and added to the group, your account automatically assigns the merchant to the withdrawal flow. After the scheduled withdrawal occurs, the funds are released to the selected bank account and the withdrawal appears in the Withdrawal History table at the bottom of the Withdrawals page.
Tip
You can apply existing scheduled withdrawal flows to merchants after successfully boarding by assigning it to your white-labeled Merchant Signup Form.
You can use a work flow to automatically add newly boarded merchants to the group with your withdrawal flow configurations as they’re first approved to process transactions. Work flows must be configured by the Payrix Pro Implementations team.
Next Steps
After scheduling the withdrawal, review the following articles for information on related topics:
Balance Daily Disbursements: Learn how merchants can balance the daily withdrawal disbursements created by your withdrawal flow.