You generate revenue from customer transactions, fees, profit shares, and billing configurations. You can withdraw the revenue from your balance at any time by scheduling a withdrawal in the Portal. This article shows you how to schedule a one-time or recurring withdrawal.
Note
Know the difference between withdrawal and disbursement:
Sometimes referred to as payout, a withdrawal is the action of requesting the dispersal of money from your Payrix Pro account to your bank account.
A disbursement occurs when the funds are transmitted to your bank and deposited in your account.
For more information on withdrawals and disbursements, see Payouts and Disbursements.
Schedule a Withdrawal from Your Available Balance
To disburse funds to your bank account:
Select Withdrawals under Admin in the left navigation panel.
Go to the Withdrawal Schedules section and click SCHEDULE WITHDRAWAL.
Select the withdrawal frequency from the How often would you like to withdraw dropdown menu:
Daily, Weekly, Monthly, or Annually: Creates recurring withdrawals for the selected time period.
One Time: Creates a single, non-repeating withdrawal.
Select your bank account from the Bank account to deposit withdrawal dropdown menu. The account you select is where your funds are deposited.
Enter the amount to deposit in your bank account:
Amount: Enter a two-decimal float number.
Amount Type: Select Percentage or Actual.
For example, to receive your entire account balance each time, enter 100.00 and select Percentage to withdraw 100% of the amount in your available balance.
Important!
Your parent entity can set a limit on the amount you can withdraw per day. If you’re unsure about your maximum daily withdrawal limit, contact your parent entity.
(Optional) Click Advanced Options to display additional setup options in the dialog, including start date, currency, or billing statement descriptor.
To create a withdrawal from a listed bank account to your available balance in the same amount you’ve configured, select Debit.
To skip withdrawals on weekends and bank holidays, select Skip weekends/holidays. This checkbox is displayed only when the Schedule is set to Daily and the Billing Schedule is not set.
To initiate the withdrawal disbursement for the same business day, select Same Day. Note that this might incur an additional fee (check with your payment processor or issuer).
Note
The same-day disbursement processing cutoff time still applies for the business day as with all other standard withdrawal setups. This means that if Same Day is selected at 10:00 PM ET, missing both batch cutoff times, the withdrawal process will still be initiated, but the funds won’t be processed during that unavailable period until the following business day.
First batch cutoff: 7:00 PM ET
Second batch cutoff: 9:30 PM ET
Click Create Withdrawal to create the withdrawal.
The upcoming withdrawal is displayed in the Withdrawal Schedules table on the Withdrawals page. 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.
Next Steps
After scheduling the withdrawal, review the following articles for information on related topics:
Set Up a Withdrawal Flow for New Merchant Accounts: Set up a withdrawal flow for newly boarded merchants.
Reconcile a Withdrawal Disbursement: Reconcile recurring and one-time disbursements.