Managing payments for your team is more manageable with Rise's convenient Batch Payment feature. Say goodbye to the tedious process of handling individual payments step by step and save valuable time! Here's a comprehensive guide to help you make the most of this time-saving tool:
Step 1: Connect Your Wallet (Highly Recommended)
Before you begin any actions within the Rise platform, we highly recommend connecting the account owner's wallet to ensure smooth payment processing. If you have a Rise Security Key (a password created during onboarding) as the owner, you'll be prompted to enter it later.
Step 2: Access the Pay Page
Log in to your Rise account and navigate to the "Pay" page. You will find options like "Quick Pay" or "Create Payment."
Step 3: Initiate Batch Payment
To pay all your team members simultaneously, click the "Batch Payment" option. This will take you to a screen displaying all the team members who are set to receive payments.
Step 4: Enter Payment Amounts and Service Description
For each team member, enter the respective payment amount they should receive and the service description. Double-check the entered amounts for accuracy.
Step 5: Confirm and Process Payment
After verifying the payment amounts, click "Confirm" to initiate the Batch Payment process (if you have a Rise Security Key, please enter it). Rise will now process the payments, and all your team members will receive their dues promptly.
Batch Payment via CSV File
Step 1: Download the CSV Template
Click on "Import CSV" and then select "Download CSV" to obtain the CSV template.
Step 2: Edit Payment Amounts in CSV
Open the downloaded CSV file in Google Sheets or any other compatible editor. Manually edit the payment amounts in the "Payment Amount (USD)" and the service description in the "Payment Description" columns for each team member.
Step 3: Import the Updated CSV
After updating the payment amounts and descriptions, save the edited CSV file. Then, click or drag the file to the designated area indicated by the red underline to import it back into Rise.
Essential Tips for CSV Editing
Preserve ID Numbers: Avoid removing or editing the ID numbers to prevent unintended payments to incorrect recipients.
Currency Formatting: Ensure that the US dollar amount is expressed with only two decimal places, using periods as decimal separators (e.g., 1000.50) and no commas for thousands separators.
Step 4: Verify and Finalize
Once imported, the payment amounts will be updated based on the edited CSV data. Verify the amount are accurate before finalizing the process.
Pro Tip: If using Google Sheets, download the CSV file again before importing it into the Rise app.