How to set up scheduled payouts for contractor invoices

Scheduled payouts on Remote enables you to set up and schedule payments for contractor invoices up to 6 weekdays in advance (from the moment we receive the pay in), ensuring a more consistent and reliable payment experience for contractors.

1. Go to the Contractor payments tab and click on Invoices.
2. Find the invoice you'd like to schedule payment for and click on Pay invoice.
3. Once you review the invoice, select your preferred payment method and choose the payout option as Schedule Date and select a date up to 6 weekdays from the pay-in date.
   Note: The Schedule date represents the date you would like Remote to execute the payment—not necessarily the date contractors will receive it. Depending on the currency and the contractor's bank account location, funds may reach contractors on the same day or within 2 business days. Please take this timeline into consideration when you are setting the payout schedule date.
4. Available date range: Scheduled payouts can be set for up to 6 weekdays from the moment funds are received by Remote. Choose the payout date then click on Confirm.
   
   
   
   
5. Review the payment details again, then click on Approve and continue to payment.

Processing times by payment method:

• Wire Transfers: Funds typically clear within 1 weekday.
• Credit Cards: Funds clear within 2 weekdays.
• Direct Debit: Funds clear within 3 weekdays.

Important to to Note:

• Choose the payout date carefully, as it cannot be modified once set.
• Bulk invoice approvals and payments: When processing multiple invoices, the same scheduled payout date will apply to all invoices in the batch.
• Payment delays due to insufficient funds: If there are insufficient funds on the scheduled payout date, the payment won’t be processed. Company admins will receive an email notification to add funds, and the payout will be triggered once funds are received.