How do I make bulk payments?

Bulk payment is a new feature that allows you to upload a file to submit multiple transactions for
processing simultaneously.

With this feature, you can pay all of your staff, suppliers, or sub-contractors with just a few clicks.

Here is a step-by-step guide to making bulk payments with Payset.

1. Select the currency wallet from which you would like to send the payments.

2. From the currency wallet page, click on the “…More” option

3. Select the “Bulk payment” option.

4. From the Bulk Payment page, you can download our reference file for guidance on the required data formatting for your bulk payment file upload:

Click on the "Download" button next to "Reference files.”

Note the reference file has 2 tabs:

i. General guidelines – covers all required fields and their formats.

ii. Payment purpose – lists all supported payment purpose options (only one of these options will be accepted in the payment purpose field for each transaction).

Proceed to the next step (keep the reference file handy).

5. Click on the template format you would like to use (XLSX or CSV) to download the template.

We advise selecting the XLS template as it already contains the pre-defined selectable values we expect to receive in several columns.

6. Fill out the downloaded template.

• Be sure to follow the bulk payment reference file downloaded in the previous step to ensure the successful processing of your transactions.
• Note that some of the fields in the XLS template are pre-filled with a drop-down menu of options. These fields will only accept one of the options available in the drop-down list.

• Currently, you can only submit transactions in one currency for bulk payments. By default, the currency field in your template will be prefilled with the currency of the wallet you selected in step one.

7. Once you have filled out all the required fields, as per the instructions in the reference file, click on “Select file” to upload your completed template.

8. The system will produce a list of the transactions in your file. Click “Continue” to proceed.

9. If all the transaction data is correctly filled out, you will be taken to the review step. Verify that the information is correct and click “Sign and Pay.”

10. If any of your transaction details are missing or incorrect, you will see the errors listed.

You can check the expected values and format for each field to resolve the errors in the reference file, which you can download from this page if you have not done so previously.

From here you have 2 options to proceed:

Option 1 – Proceed by only submitting the transactions that are free of errors by clicking “Continue.” You will then be prompted to review and proceed with only the successful transactions.

Option 2 – Fix the fields with errors in your file and click “Re-upload file” (refer to the bulk payment reference file for information on how to correct the highlighted errors).

11. Once you have clicked the “Sign and Pay” button, you will be taken to the Review and Pay page (mentioned in point 9) and prompted to verify your action by entering the OTP.

12. The Transactions page will open and the bulk payments that you have submitted will begin to be processed.