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Yorlet enables you to pay out funds from your owner account balance to an external account. You can create payouts for any owner account that has a balance. You can also create payouts for your platform owner account.

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Payout lifecycle

A payout moves through the following statuses: You can review payouts grouped by these statuses on the Payouts page.

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Bank accounts

To create a new bank account for an owner, follow these steps:
  1. Navigate to the owner account you want to create a bank account for.
  2. Under the Payout information section, click Add.
  3. Fill out the information, there are different requirements for each country.
You can also use Onboarding Sessions for Owners to allow owners to securely provide their bank information themselves through an online portal.

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Multiple bank accounts

By default, Yorlet will pay out funds to the external account that you have specified on the owner account. If you need to generate payouts for specific units, you can override the external account for each unit and create payouts for multiple destinations. To do this, navigate to the Unit Ownership page and select the unit for which you want to override the external account. Then, add a bank account to be used for payout generation.

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Automatic payouts

By default, Yorlet is configured to automatically process payouts on a daily rolling basis. This means that when payments are transferred to owner balances and accumulate, Yorlet will automatically create a new draft payout every day for owners with a positive balance.
This automatic scheduling controls when draft payouts are created. It is separate from the Automatic payout method, which pays owners from the funds held in your balance and requires the Balance plan. See automatic owner payouts.

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Payout schedule

You can configure the payout schedule for each owner individually. There are four possible scheduling settings:
  • Manual: prevents automatic payouts. You will have to manually pay out the owner’s balance.
  • Daily: automatically pays out charges after they become available in the owner’s balance.
  • Weekly: automatically pays out the balance once a week, on a specified day.
  • Monthly: automatically pays out the balance once a month, on a specified day. Payouts scheduled between the 29th and 31st of the month are instead sent on the last day of a shorter month.
To configure these settings, go to the Payout information section of the owner account.

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Automatic approvals

By default, new payouts remain in the draft state until they are manually reviewed and approved. However, you have the option to enable automatic approvals for the owner’s account, which will approve new payouts automatically.
This is an advanced setting that automates the payout approval process. We recommend ensuring that all your fees are correctly configured before enabling this setting.
To configure these settings, go to the Payout information section of the owner account.

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Payout transaction grouping

You can configure how you’d like to handle payouts for multiple units. The transaction grouping options are:
  • All: will generate a single payout for all units.
  • Per unit: will generate a payout for each unit.
To configure these settings, go to the Payout information section of the owner account.

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Manual payouts

To create a manual owner payout, follow these steps:
  1. Navigate to the owner account you want to create a payout for.
  2. Under the Balance section, you can click on the overflow menu (•••) and select Create payout.
  3. Fill out the information. When specifying a unit, the payout will be generated only for that unit. If you do not specify a unit, the payout will be generated for all units.

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Manage a payout

Open a payout to review its summary and take action on it. The available actions depend on the payout’s status:
  • Approve payout: approve a draft payout, which moves it to pending. When approving, you choose the Payout method: Automatic (Yorlet pays the owner from your client funds) or Manual (you pay the owner outside Yorlet). The Automatic method requires the Balance plan; see automatic owner payouts. Without the plan, only Manual is available.
  • Pay payout: pay an approved automatic payout from your client funds.
  • Mark as paid: record that a manual payout has been paid outside Yorlet. You can set the date it was paid and choose whether to send a receipt.
  • Mark as failed: record that a manual payout could not be paid. You can add a failure message and optionally flag the destination bank account as errored.
  • Cancel payout: cancel a draft or pending payout.
On the payout page you can use keyboard shortcuts: a to approve, p to pay or mark as paid, f to mark as failed and c to cancel.

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Failed payouts

If a payout fails, the funds remain in the owner’s balance so you can resolve the issue, for example by updating the owner’s bank account, and pay them out again.

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Payout receipts

When a payout is successfully marked as paid, we will send confirmation to the owner’s email address along with a PDF receipt of the funds detailing all the transactions that were included in the payout.