How to withdraw sum total for batch payables!

Zūm Rails has introduced a functionality for batch account payables from the funding source to the user where you, the customer, can pull the sum total of payables from the funding source to your wallet, and then send the money to your individual users in the batch from the wallet.

To access this functionality using the portal follow the steps below:

1. Navigate to the upload batch file option > choose transaction type "Accounts Payable" and withdraw funds from a funding source (choose your EFT funding source). Once completed, you will see the checkbox at the bottom which states "withdraw funds from funding source for sum total", select that checkbox.

2. Next you upload the CSV file, and once completed, click on “validate” and then process the batch.

3. Once the batch is successfully processed, you will see one transaction from your funding source to wallet, and this transaction will pull the sum total of your payables.

4. Once this transaction is successful, Zūm will complete the remaining transactions from the wallet to pay the users in the batch payable CSV in sequence.

To access this functionality using the API inform the parameter:

"WithdrawSumTotalFromFundingSource=True" in while using this Endpoint:{{env}}/api/transaction/ProcessBatchFile

NOTE: This feature does not work for scheduled batch payables or batch payables with only one payment.

For any questions, please reach out through the chat function in the portal or email us at support@zumrails.com