To configure automatic PayOuts, follow these steps under the PAYOUT section:
Frequency:
Daily
Weekly
Fortnightly
Monthly
Balance:
Entire balance to be paid out OR
Set a minimum balance to remain in your wallet.
Minimum PayOut Amount:
Specify the minimum amount for each PayOut.
Transfer Fee:
For PayOut amounts less than USD 3,000, a fee of USD 5 applies.
Once set up, note that the first automatic PayOut will be processed on the NEXT applicable day. Automatic transfers will not occur on the day the setup is completed.
Your automatic PayOuts will commence from the next cycle, and the time taken to receive them will vary based on your selected bank's holidays and processing time.
We hope you find this article useful!