Step 2: Payout RulesIn this step, you can configure the payout rules that Genius uses to process your Advocate's payout requests. These options give you complete control over how payouts are processed. Use them wisely.
2.1- Payout Creation & Approval Choose how you'd like payouts requests needs to be created and approved. There are three options to choose from:
- Automatic: This option allows you to instantly create and approve payout requests (Autopilot Mode). When a bonus is issued, Genius automatically creates and approves the payout request by moving it to the Processing status.
- On Advocate Request: This option allows you to give control back to the Advocate. When a bonus is issued, the Advocate must manually submit a payout request via the Advocate Portal. Then, Genius will approve the payout request by moving it to the Processing status.
- On Approval: This option allows you to gain more control over the payout process. When a bonus is issued, the Advocate must manually submit a payout request via the Advocate Portal. Then, you can review it and manually approve it by moving it to the Processing status.
2.2- Payout Delivery FrequencyChoose how often you'd like to schedule your payouts. There are four options to choose from:
- Instantly: This option allows you to instantly process payout requests in the Processing status (Autopilot Mode). Use this option when you don't want to schedule payouts in the future. When a payout is moved to the Processing status, Genius will automatically purchase the new gift card, send it to the Advocate via email, and complete the payout request.
- Daily: This daily schedule option allows you to process payout requests in the Processing status. Genius will process payout requests every day at the time specified on this option. At the time set (for example, Daily at 9:00 AM UTC), the system will get all payout requests in the Processing status, purchase new gift cards, send them via email to members, and complete the payout requests.
- Weekly: This weekly schedule option allows you to process payout requests in the Processing status. Genius will process payout requests every week at the time specified on this option. At the day and time set (for example, Weekly, every Monday at 9:00 AM UTC), the system will get all payout requests in the Processing status, purchase new gift cards, send them via email to members, and complete the payout requests.
- Monthly: This Monthly schedule option allows you to process payout requests in the Processing status. Genius will process payout requests every month at the time specified on this option. At the day and time set (for example, Monthly, on the 21st at 9:00 AM), the system will get all payout requests in the Processing status, purchase new gift cards, send them via email to members, and complete the payout requests.
2.3- Maximum Payout AmountThis option allows you to limit the payout request maximum amount. Enter the maximum amount an advocate can request per payout. For example, if your max amount is set to $10, an advocate submits a payout request of $20. Genius will move the payout request to the
Hold status and notify you that the requested amount is too high.
2.4- Minimum Payout AmountThis option allows you to limit the payout request minimum amount. Enter the minimum amount an advocate can request per payout.
For example, if your min amount is set to $50, and an advocate submits a payout request of $30. Genius will move the payout request to the
Hold status and notify you that the requested amount is too low.
2.5- Payout Volume LimitThis option limits the total aggregate amount of payouts to be processed over a period.
Set the amount for the period and choose one of the three options below:
- Daily: This allows you to limit the total aggregated amount to payout daily. For example: if the option is set to 'Daily $100, ' Genius will process up to $100 every day.
- Weekly: This allows you to limit the total aggregated amount to payout weekly. For example: if the option is set to 'Weekly $1000, ' Genius will process up to $1000 every week.
- Monthly: This allows you to limit the total aggregated amount to payout monthly. For example: if the option is set to 'Monthly $10000, ' Genius will process up to $10000 every month.
When you're done defining the configuration, click on the "
Save and continue" button.