Payout Preferences
You can configure preferences to manage your payouts and customise it based on your business needs. You can configure the Payout Descriptor and the Bank Account to which the payout must be deposited.
Payout Descriptor
A Payout Descriptor is the display name of the payment gateway that deposited the payouts (Zoho Payments) in your bank statements. You can choose to configure the payout descriptor or use the default descriptor, ZOHO PAYMENTS.
To edit this:
- Go to Settings in the top-right corner.
- Click Payout Preferences.
- Enter your preferred descriptor in the Payout Descriptor field.
Insight: Payout descriptors should contain only 5-22 alphanumeric characters, and cannot contain special characters such as <, >, \, ‘, “,  *.
- Click Save at the bottom of the page.
Your descriptor will be updated and it will reflect in the future payouts.
Bank Account
The bank account to which the payouts should be deposited. You might have provided your bank account details while setting up your Zoho Payments account. But in case you’d like to make changes to it:
- Go to Settings in the top-right corner.
- Click Payout Preferences.
- Scroll down to the Bank Account section and click Edit near the bank account details.
- Enter the updated details and click Save.
The bank account details will be updated and future payouts from Zoho Payments will be deposited to the given account after verifying the account details.
