Create a Payout
A payout essentially refers to the process of distributing funds to a beneficiary across different geographical locations and currencies. Glomo leverages a proprietary network through partner entities, enabling merchants to access a global network for transferring funds to their beneficiaries worldwide.
Each payout involves the following:
- Amount and currency information
- Beneficiary Information
- Purpose and supporting documents
Payout creation
Below are the steps that are required to create a payout :-
1
Login to your Glomo dashboard
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2
Navigate to the Payout screen by clicking on Create Payout
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3
Enter the amount and currency you want to send money
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4
Upload the necessary documents requested
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5
Enter Beneficiary details. Select from the dropdown or add a new one
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6
Review the information and click on Send payout to start the payout process