How to Make Payouts via Bulkpe?

A proper payment system is the backbone of every successful business, no matter its size. As a payment processing partner, it is important that they can handle both cash inflow and outflow efficiently. When transactions are managed manually, it often leads to confusion, errors and wasted time. As businesses evolve, it’s only right to switch to a streamlined payment partner who can take care of all your needs.

When it comes to cash outflow, the key term to focus on is payouts.

What is a payout?

A payout refers to the transfer of funds made by a business to its stakeholders, drawn from the company’s current or retained earnings. Traditionally, businesses process payouts through IMPS, NEFT, RTGS or UPI. We’ve covered the concept of payouts in detail in another blog that explains how payouts can help your business grow, make sure to check that out.

Common problems with payouts?

Managing payouts is simple, but without the right system in place it can become one of the most complicated thing for your businesses. Delays, failed transfers and manual processes often slow things down, affecting vendor relationships and customer trust. Without an efficient system in place, even small payout errors can pile up and hurt overall operations.

Here are some common challenges businesses face with traditional payout systems:

• Payments through NEFT or RTGS can only be made within banking hours.
• Uploading beneficiaries for bulk payouts is difficult due to complex file formats.
• New beneficiary additions often have a waiting period before transactions.
• UPI and IMPS have limitations on number of bulk transactions.
• Low transaction per second (TPS) limits slow down operations.
• Reconciliation is tedious in the case of refunds or failed transactions.
• There’s no easy way to verify bank accounts before making payouts.

Introducing Bulkpe Payouts for Your Business

You are running a business, you have to pay your vendors, employess, disburse cashbacks to customers and looking to manage all of those in one place, then Bulkpe payouts would be the right place for you.

Also, whether you are making a single or bulk payout, any of those can be done in a single click. With Bulkpe all your operations will be simplified with no manual work, without worrying about the compliance.

How does Bulkpe simplify your payout process?

Bulkpe makes handling payouts, disbursals and refunds effortless for businesses of all sizes.

You can send payments through IMPS, NEFT, RTGS or UPI instantly, at any time of the day.

• Make single or bulk payouts in one click using API's or directly from the dashboard.
• No waiting time after adding a new beneficiary.
• Upload over 5000 beneficiaries easily using a simple CSV file and make bulk payouts in an instant.
• Process 24x7 real-time payouts to employees, vendors or customers.
• Automate refunds and settlements without manual intervention.
• Add multiple team members with role-based access to payment portal with two-factor authentication.
• Track transactions in real time and generate instant reports and invoices for accounting or audits.
• Seamlessly integrate Bulkpe with your existing business systems through powerful APIs for complete automation.

How to Make a Payout via Bulkpe

You can process payouts on Bulkpe in just a few easy steps:

1. Sign up and activate your Bulkpe account.
2. Add funds to your account from your linked bank account.
3. Process bulk payouts by adding beneficiaries manually or process large payouts at once by uploading a CSV file.
4. Select the payout mode (IMPS, NEFT, RTGS or UPI) and fill in transaction details.
5. Review and confirm the payout.
6. Transaction details will appear instantly under the History tab.

Making single or bulk payouts with Bulkpe is as easy as it gets. Once you sign up, your account is ready to use in minutes and you can start transacting right away. Having a trusted payments partner like Bulkpe ensures your business stays efficient, compliant and always ready to move money without interruptions.

Sign up Now!

Thank you for choosing Bulkpe as your trusted payment partner. Your feedback, ideas and questions help us grow, and we’re always here when you need us. Whether it’s support or just a quick chat, we’re only a click away.

Contact us?