Payments
GoAffPro Admin Panel > Settings > Payments
The Payments section can be used to set up payment settings for the program such as the supported payment methods for affiliates, payment terms, the default payment method, commission hold time, minimum payout amount, and withholding tax.
Supported Payments Methods
In the Supported Payment Methods option, you can select the supported methods of payments for affiliates.
The methods of payment you select will be shown as options to your affiliates, They can then select the payment method of their choice and fill in their payment details.
It is good practice to set up multiple payment methods to add convenience for your affiliates in commission payouts.
Default Payment Method
The Default Payment Method option can be used to set a particular payment method as the default payment method for new affiliates.
Payment request
The Payment request option allows affiliates to request payments from within their dashboard. When a request is made by an affiliate, an email is sent to the merchant for it.
Commission hold time
The Commission hold time option can be used to set the number of days to hold the commission payment, only after which the commission becomes payable to the affiliate.
Payment Terms
In the Payment Terms option, you can select the terms for payments to affiliates, you can set it to 7, 15, or 30 day terms or write your own. These terms are then displayed to affiliates in their account dashboard.
Minimum Payout
The Minimum Payout option, can be used to set up the minimum payout amount. It allows payouts only when an affiliate has crossed the minimum payout limit that has been set.
Withholding Tax/Retention Tax/TDS
The Withholding Tax/Retention Tax/TDS option can be used to set the tax percentage that has to be paid by you on behalf of your affiliates. The affiliate payout amount will be calculated after deducting this tax.
Checkout the video below for an overview of the payment settings in GoAffPro:
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