For businesses that work with numerous contractors, processing individual payments can be time-consuming and stressful, potentially leaving room for errors and roadblocks.
That’s why many organizations use mass payments, which can help streamline payment processing by allowing companies to pay multiple people at once.
Read on to discover the advantages of using mass payments for your business.
Mass payments allow businesses to easily send money to multiple people at the same time, saving time and effort.
Also known as mass payouts, this solution is often used by organizations that work with numerous freelancers, vendors, suppliers, and partners around the world. Mass payments allow companies to pay people in different currencies, anywhere PayPal balance accounts are available.
Click here to create or log into your PayPal business account.
PayPal’s mass pay option enables account holders to send money, and the recipients will receive the funds in their PayPal account. You can send up to 15,000 payments at once with the API or 10,000 with batch upload and a single click.
There are numerous benefits to mass payment solutions like Payouts, such as:
Mass payment solutions can work for all types of industries and situations, including:
Instead of sending transactions one by one, batch processing is a method used in mass payments that processes all the day’s transactions at once, helping save time and increase efficiency. Learn more about how to manage mass payments.
There are fees associated with PayPal mass payments4, including:
To leverage PayPal’s mass payments, set up or log in to your account. Plus, learn more about fee information and Payouts terms and conditions.
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