What is Payment Order?
Payment Order means the service where the Merchant transfers in advance an amount into its Billplz Account (increase Payment Order Limit) before sending payment instructions to Billplz via API. Billplz thereafter processes the payment instructions received via API and performs disbursements accordingly.
It is different between Payout (Collection) and Payment Order. This Payment Order specifically is to disburse payments from one (1) bank account to multiple bank accounts. For example, to pay multiple agents or drop shipper commission.
*Payment Order applicable for all Billplz membership users.
Payment Order Flow
Payment Order allows you to make payment to any account bank registered in Malaysia. Since the Bank doesn't provide a way to programmatically make payment to the bank account, you can achieve that by using our Payment Order.
Payment Order implements the same collection concept as per API Flow. You will have a collection that consists of multiple payment disbursements.
Before proceeding further, you need to ensure that you have enough payout limit to perform the Payment Order. To increase the payment limit, navigate to the Payment Order (sidebar) and you will notice the Payment Order Limit at the top.
To start using the API, you would have to create a Payment Order Collection. Then the payment order will kick in as per below:
- Get bank information from the recipient.
- Execute Create a Payment Order API.
- The payment will be settled to the recipient once the processing is completed.
**Payment Order will be settled in real-time to the recipient.
1. Sign in to Billplz (via Billplz SSO), and click Payment Order from the sidebar on your Billplz dashboard. Then, increase your payment order limit by clicking the "+" button
2. Assuming that you are under Billplz’s Standard Plan where all your transactions are charged RM0.70. Each successful disbursement will be charged RM0.70 from your Credit Balance.
3. To disburse the payout to your clients/vendors/customers/agents etc, please reload the Payment Order Limit before sending the payment instructions to Billplz via API.
How do I create a Payment Order?
1. To make a payment transfer to another/multiple bank account, simply create a Payment Order.
2. To create a Payment Order, you would need the collection's ID. Each payment order must be created within a Payment Order Collection.
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