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Payout extensions

Overview

"Payout extension" refers company setting up different payout methods to pay the vendor

Prerequisite

Click "Setting" > "Payout extensions"

How to set up payout extensions

Each payout extension has different settings, please refer to the steps below.

Set up "Cathay United Bank | Global MyB2B"

Follow the steps below:

1. Click "Install" on Cathay United Bank Global MyB2B

payoutExtenstion_cathayAdd_button_click

2. Click "Setting"

payoutExtenstion_cathayconfig_button_click

3. Add "Company information"

Click "Add".

You will be redirected to the "AML KYC Identity Verification" page; follow the instructions to complete your bank information and click "Send".

payoutExtenstion_cathayconfigAdd_button_click

4. Add "Payout currency account"

Click "Add" > "TAIWAN". You will be redirected to the "AML KYC Identity Verification" page; follow the instructions to complete your bank information and click "Send".

payoutExtenstion_cathayconfigPayoutCurrencyAdd_button_click

After sending the application information, you will:

  • receive a confirmation email.
  • see the "Verifying" status on the "Payout extensions" page

Please wait for the verification, OwlPay team will take the initiative to inform you of the verification result.

Please note

Each payout method has different settings, please refer to the detailed setup steps below.

Set up "First Bank | e-Bank"

Follow the steps below:

1. Click "Install" on First Bank - eBank

payoutExtension_firstBankAdd_button_click

2. Click "Setting"

payoutExtension_firstBankConfig_button_click

3. Add "Company information"

Click "Add".

You will be redirected to the "AML KYC Identity Verification" page; follow the instructions to complete your bank information and click "Send".

payoutExtension_firstBankConfigAdd_button_click

4. Set up "Add payout currency account"

payoutExtension_firstBankConfigPayoutCurrencyAdd_button_click

Click "Add" > "TAIWAN". You will be redirected to the "AML KYC Identity Verification" page; follow the instructions to complete your bank information and click "Send".

After sending the application information, you will:

  • receive a confirmation email.
  • see "Verifying" status on the "Payout extensions" page

Please wait for the verification, OwlPay team will take the initiative to inform you of the verification result.

Please note

Each payout method has different settings, please refer to the detailed setup steps below.

Set up "NIUM"

Follow the steps below:

1. Click "Install" on NIUM

payoutExtenstion_niumAdd_button_click

2. Click "Setting"

payoutExtenstion_niumConfig_button_click.png

3. Add "Company information"

Click "Add".

You will be redirected to the "AML KYC Identity Verification" page; follow the instructions to complete your bank information and click "Send".

payoutExtenstion_niumconfigAdd_button_click

4. Set up "Add payout currency account"

Click "Add" > "Country of receiving payout". You will be redirected to the "AML KYC Identity Verification" page; follow the instructions to complete your bank information and click "Send".

payoutExtenstion_niumconfigPayoutCurrencyAdd_button_click

After sending the application information, you will:

  • receive a confirmation email.
  • see the "Verifying" status on the "Payout extensions" page

Please wait for the verification, OwlPay team will take the initiative to inform you of the verification result.

Please note

If the payout method cannot be activated, it means that you need to fill in additional information. OwlPay specialist will reach you to complete this process.

Set up "VISA Commercial Card and Account Payables"

Follow the steps below:

1. Click "Install" on VISA

payoutExtension_visaAdd_button_click

2. Add "Company information"

Click "Add".

You will be redirected to the "AML KYC Identity Verification" page; follow the instructions to complete your bank information and click "Send".

payoutExtension_visaConfigAdd_button_click

After sending the application information, you will:

  • receive a confirmation email.
  • see the "Verifying" status on the "Payout extensions" page

Please wait for the verification, OwlPay team will take the initiative to inform you of the verification result.

Please note

If the payout method cannot be activated, it means that you need to fill in additional information. OwlPay specialist will reach you to complete this process.

Set up "Circle"

To set up Circle, follow the steps below:

1. Install Circle

Click "Install" on Circle

payoutExtension_circleAdd_button_click

2. Click "Setting"

payoutExtension_circleConfig_button_click

3. Add "Company information"

payoutExtension_circleConfigAdd_button_click

Click "Add".

You will be redirected to the "AML KYC Identity Verification" page; follow the instructions to complete your company information and click "Send".

aml_view

After sending the application information, you will:

  • receive a confirmation email.
  • see the "Verifying" status on the "Payout extensions" page

Please wait for the verification, OwlPay team will take the initiative to inform you of the verification result.

Please note

If the payout method cannot be activated, it means that you need to fill in additional information. OwlPay specialist will reach you to complete this process.

4. Add payout currency account

Click "Add" and select the method to deposit, you have 2 choices:

  • Wire transfer
  • USDC

payoutExtension_circleConfigAddPayoutMethod_button_click

Wire transfer

Choose the bank type:

  • US Bank Account
  • Non-US Bank Account - IBAN Supported
  • Non-US Bank Account - IBAN Not Supported

Follow the instructions on the screen to complete the setup.

USDC

Choose the Mainnet to deposit the USDC. OwlPay supports:

  • Ethereum
  • Algorand
  • Avalanche
  • Flow
  • Hedera
  • TRON
  • Polygon
  • Stellar
  • Solana

usdc_mainnet

Please note

If you use Ethereum as your USDC deposit Mainnet, a fee will be charged for generating the wallet address.

  1. You will be billed when you click "Confirm"
  2. You can start using it once payment is made.

Follow the steps below.

payoutExtenstion_paylinkAdd_button_click

2. Click "Setting"

payoutExtenstion_paylinkConfig_button_click

3. Register withdrawal account

OwlPay will create an account for you on our partner platform, PayNow. When making a withdrawal, you will need to visit the PayNow.

payoutExtenstion_paylinkConfigReceivingAccount_form_input

4. Add "Company information"

payoutExtenstion_paylinkConfigBasicInformation_button_click

Click "Add".

You will be redirected to the "AML KYC Identity Verification" page; follow the instructions to complete your company information and click "Send".

aml_view

5. Add payment currency Account Number

Click "Add".

You will be redirected to the "AML KYC Identity Verification" page; follow the instructions to complete your bank account information and click "Send".

payoutExtenstion_paylinkConfigAddBankAccount_button_click

After sending the application information, you will:

  • receive a confirmation email.
  • see the "Verifying" status on the "Payout extensions" page

Please wait for the verification, OwlPay team will take the initiative to inform you of the verification result.

Once your verification is complete, you can start using the PayLink. Please refer to the PayLink for the details.

Please note

If the payout method cannot be activated, it means that you need to fill in additional information. OwlPay specialist will reach you to complete this process.

How to modify payout extension information

If your enabled payout method information is rejected by the OwlPay team, you must modify it by following the system instructions.

Take NIUM for example, follow the steps below:

  1. On the payout method setting page, click "Edit".

payoutExtension_niumConfigEdit_button_click

  1. Modify the information according to the page instruction

After sending modified information, the OwlPay team will conduct the identity check and notify you of the result.

How to deactivate payout extension

To deactivate a specific payout extension (take NIUM for example), follow the steps below:

  1. Click "Setting" on the payout extension you want to deactivate

payoutExtension_niumDeactive_button_click

  1. Click the button in the upper right corner

payoutExtension_niumConfigDeactive_button_click

How to uninstall payout extension

To uninstall a payout extension (take NIUM for example), follow the steps below:

  1. Click "Uninstall" on the bottom left corner

payoutExtension_niumConfigRemove_button_click

  1. Click "Uninstall"