Make a batch payout

This article describes how to make a batch payout in the Batch Payouts app.

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Prerequisites

• You have installed Batch Payouts as described in Browse and install apps.

• You have been assigned the Admin role, the Spender role, or a customized role with equivalent permissions.

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Steps

1. Click the Apps icon on Cobo Portal, find Batch Payouts, and then click Open to open the app.

2. In the app, click Make a Payout.

3. On the Make a Payout page, select the token type that you want to transfer in the Token section.

4. In the From section, select the wallet from which the transfer will be made.

   Currently Exchange Wallets are not supported for a batch payout.

5. In the Add the Payouts section, you can enable the Recipient Confirmation on Cobo Guard option. This option ensures transfer will only complete after recipients confirm on Cobo Guard. Therefore, all recipients’ emails must be a Cobo Account and linked to Cobo Guard. If any recipient’s email does not meet these requirements, you will not be able to submit the payout. You can use the Send Setup Guide To These Emails button to send instructional emails to help them complete Cobo Accounts registration and link Cobo Guard.

6. Specify the details for each recipient as follows:

   • Receiving address: Enter the recipient’s address manually, or import it from your Address Book or a CSV file.

   • Amount to Receive: Specify the transfer amount.

     If the total payout amount is more than 100 USD, the payout will trigger an approval workflow and its status will be Pending Approval. It will require one organization admin to approve, otherwise the transactions in the payout will not be proceeded. If no approval or rejection is made within 7 days (168 hours) after the payout is made, its status will automatically become Failed. For more details about approval workflows, refer to View and update approval workflows.

   • Note: Include any additional information about the transfer.

   • Cobo Account (or Email if Recipient Confirmation on Cobo Guard is disabled):

     • If Recipient Confirmation on Cobo Guard is enabled, enter the recipient’s Cobo Account. Once the payout is initiated, the associated Cobo Guard will receive a message that requires the recipient to approve or reject the transaction.
     • If Recipient Confirmation on Cobo Guard is disabled, enter the recipient’s email address, which will receive a notification upon payout receipt.

7. In the Transaction Cost section, select a transaction fee level, or customize the transaction fee by clicking the settings icon .

8. Verify the transaction cost and click Submit.

9. Approve the payout on Cobo Guard.

Now you have submitted a batch payout request.

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Next-Steps

After submitting the batch payout request, you can view the status and manage the batch or individual transaction, such as canceling, dropping, speeding up, or resending transactions. You can revoke the batch payout request before it is approved if you do not need it anymore. For more details about managing batch payouts, refer to Manage batch payouts.