Send Payouts

In the Payouts dashboard section, you can easily oversee all generated payouts. Here, you can create new payouts, manage existing ones, and filter your payouts by four options:

• Draft: Payment transactions that have been initiated but not yet finalized. This stage allows users to review and make any necessary adjustments before confirming and scheduling the payout.
• Scheduled: Payouts that have been approved and set for automatic processing at a specific date and time in the future. This status provides users with the ability to plan and organize payouts in advance.
• Completed: Transactions that have been successfully processed and funds have been transferred to the intended recipients. This status indicates the successful execution of the payout and serves as a confirmation of the financial transaction.
• Cancelled: Transactions that were initiated but later aborted or terminated before processing. This status allows users to track and acknowledge instances where a payout request was halted or revoked, providing transparency and record-keeping for canceled transactions.

Creating a new Payout

To create a new payout, follow these steps:

1. Access the BoomFi Dashboard: Start by logging into your BoomFi account..
2. Navigate to Payouts:
   • Go to the Payouts section within your dashboard.
3. Create a New Pay Link:
   • Click the 'New payout' button at the screen's top right corner.
4. Enter Payout Details:
   • Payout Name: Enter the name to identify the payout.
   • Name (optional): The name of the payout recipient.
   • Email (optional): The email of the payout recipient.
   • Wallet address: The recipient's wallet address.
   • Currency: The currency of the payout.
   • Amount: The amount to be paid.
   • Schedule: The date you want the payout to happen. If it's right away, select today's date.
5. Finalize Your Payout:
   • Click 'Continue' to create your Payout.

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More recipients

BoomFi enables you to create a single payout with multiple recipients at once.

Confirming a Payout

You can access the details of each payout by clicking them. You will be redirected to a page with detailed information about the respective payout, where you can double-check the payment request, and at the bottom-right corner, you find a Start payout button, that allows to execute the created payout.