Auto CashOut allows you to set up the automatic transfers of the funds from your wallet to up to three different destinations— so that you can set it and forget it!
In order to set up Automated CashOut, you will need to have at least a prepaid card or one set of banking information saved in your Wallet.
To set up Auto CashOut in your Pay Portal:
1. Click on CashOut in your Wallet Tools menu
2. Under Option 2: Automated CashOut, select Add Auto CashOuts and click Continue.
3. If you already have an activated your Prepaid Card and wish to modify your Auto CashOut settings, click on Update.
- If you have a prepaid card and/or at least one bank account saved in your Pay Portal, you will see them listed here. If you do not yet have any saved bank accounts, you can add one by clicking on Add New CashOut Account.
4. To configure your Auto CashOut, select up to three CashOut destinations (bank account or card) by checking off the boxes beside them. In the % field to the right, enter the percentage of your funds that you would like to be automatically cashed out to each destination. The total for all chosen CashOut destinations must equal 100%.
For example, you can choose to have 60% of your incoming payments go to your card while the remaining 40% goes to a bank account.
5. Choose the frequency of your Auto CashOuts. You can choose either daily or monthly. If you choose monthly, you can select the date on which the first Auto CashOut is to take place.
Tip: If you would like your incoming payments to be forwarded to your bank account and/or prepaid card as quickly as possible, select the daily Auto CashOut frequency.
6. Click Continue to confirm your Auto CashOut. You will now see the details of your Auto CashOut configuration on the CashOut page, along with the options to either Edit or Delete your Auto CashOut.
7. Advanced Options: By clicking the Advanced Options link, you can also configure:
- Auto currency conversion. If you get paid in a different currency than the currency used by your CashOut destinations, select the currency in which you get paid here. This will ensure that the funds arriving in your Pay Portal are converted and CashedOut in your local currency.
- Minimum Auto CashOut amount. For example, you can set your account to only perform a CashOut once you have accumulated a minimum of $100 in payments.
Please note: All Auto CashOut destinations selected must use the same currency. This means that you may not, for example, set one of your Auto CashOut destinations as a USD bank account and another as a CAD bank account.