Payout Period Configuration

Article Topics: Payments

Payout configurations allow Admins to specify when NATS will build payments. This article describes how to configure your default payout period, as well as set up multiple payout periods (if desired).

Default Payout Period

By default, NATS has one payout period enabled for all affiliates, which will pay out on the 1st and the 16th of each month. (When first installed, NATS sets the default payout period to be "1,16", which means NATS will build payments on the 1st and 16th of the month).

If you have not set up your default payout period already, you can modify the configuration of your default payout period as follows:

1. Go to the Payments Admin

2. Click the "Payout Periods" tab

3. You will see the "Twice a Month" default payout period, with an action icon on the far right. Selecting either the name of the payout period or the "Payout Period Overview" option after clicking the Actions button will take you to the Payout Overview page.

1. Now you can set the payout description, configuration, delay, projections, and projection padding. The description field is just whatever text you wish to use to describe this payout. The payout delay is the number of periods that the payments are delayed, which is used to provide time to account for refunds in Affiliates' payouts. The configuration field:

Payouts can be configured in one of four ways: Once a month, multiple times a month, weekly, or every number of days

• Once a month is set by setting the configuration to a value from One (1) to Twenty Eight (28).

• Multiple times a month is set by setting the days you wish NATS to build payments separated by a comma where "1,11,21" will build payments on the First, Eleventh, and Twenty First.

• Weekly is set as a "w0" through "w6" where the "0" represents Sunday and "6" represents Saturday.

• Setting the payouts to build every number of days is achieved by setting a value of "d" and the number of days NATS should build payments, "d5" would build payments every 5 days and can be set with possible values of One (1) to Ninety Nine (99).

Projection and projection padding are used to estimate in advance the total amount that you will have to pay to your affiliates (i.e. may be helpful to make sure you have enough funds on hand to pay all of your affiliates when their payments are built). Delay is the number of periods to delay payout calculation for (between 0 and 10).

Additional Payout Periods

As mentioned above, by default, all affiliates will use the same payout periods.

However, you can add additional payout periods that are specific to certain affiliates. To do so:

1. Go to the Payments Admin

2. Click the "Payout Periods" tab

3. Click the "Add Period" button at the top of the page. To add a new payout period, fill out the required fields including Description, Enabled, and Configuration and click "Add New Payout Period"

4. Now you will add the desired values for this payout period, the same way as you did for the default payout period. Once the new payout period is created, you can set the delay, projections, and projection padding. Unlike the default payout period, you can set the "Enabled" checkbox, which allows Admins to assign that payout period to one or more specific affiliates. Lastly, you can also make this new payout period become the default if desired. When you are finished, click the "Save" button.

5. If you wish to create more than one additional payout period, repeat steps 3 and 4 above.

6. Once the payout periods are set, Admins can choose which payout period is to be used by default when Affiliates sign up. Admins may also set specific Affiliates to use a payout by either setting the list of enabled Affiliates in the Payments Admin or the Affiliate's payout period in the Affiliates Admin.

7. Now you will see 3 additional options after selecting the Action button.

1. "Payout Period Overview" - Will take you to the the Overview page for the selected Payout Period

2. "Set As Default" - Will change this to become the default payout period instead of the previous one. (If you were to click this, now this additional option would appear on the previous one and disappear from this one. This is because this payout period would now become the default, and the option would now have to appear on the other payout period instead so that you could later choose that payout period again to be selected as the default payout period once again).

3. "Delete Payout Period" - Will delete this payout period - note that you need at least one payout period (i.e. the default payout period), so you can not delete all payout periods.

Please Note: If you have multiple payout periods configured, affiliates can be assigned to a different payout period from either this link in the Payments Admin, or also from the Affiliates Admin (Set Affiliate Payout Period, under Actions).

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