What is mass payout?
A mass payout in Calypso Pay allows businesses to send multiple cryptocurrency payments to different addresses in a single transaction. It's a perfect choice for salary payroll, users rewards, or bulk vendor payments.
How mass payout works?
1
Balance check
First, the system makes sure you have enough funds for the payout.
2
Calculation
You get the network fee details so you know the total cost in advance.
3
Send the payout
Calypso Pay processes it and transfers funds to all recipients.
Mass payouts benefits
No hidden costs. Calypso Pay ensures transparency with no hidden costs, providing a clear pricing structure for all transactions.
Advanced wallet address verification. Verify blockchain addresses on-the-go for existence and sanctions.
No base currency required. In Calypso Pay, you don’t need TRX to send USDC TRC20 – the fee will be charged in the stablecoin.
Fast payments. The platform uses a single secure wallet to reduce fees and speed up transactions.
Mass payouts FAQ
Does Calypso Pay have a mass payout API?
Yes, you can check the mass payout API docs.
Can I manage mass payouts with UI?
Yes, go to the Payouts section, upload a CSV/XLSX file with recipient details or enter them manually. The system calculates the total amount and fees automatically, so you can review and confirm the transaction easily.
How long does it take to send mass payments?
Mass payments are processed in batches, and the time only depends on blockchain network congestion.
Is Calypso Pay safe mass payout platform?
Yes, Calypso Pay ensures the safety of mass payouts with advanced security features such as SSL encryption, two-factor authentication, and role-based access control, whitelisting, address book and built-in AML compliance.
Does Calypso Pay charges a fee for mass payouts?
Yes, mass payout fee includes a percentage fee based on turnover. You can find more information on our pricing page or contact sales directly.
