Getting Started with PAYLOAD
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Loft47 has embedded the payload.co payment gateway to offer direct payouts to agents for their commission on deals. Payload tracks your brokerages transaction payouts during the month, and Payload will bill your brokerage once a month so you may pay Payload via bank account or credit card.
PAYLOAD FEES
Payload charges a monthly fee of $10 & $1.50 USD or $10 & $2.00 CAD per transaction. Loft47 is not involved in the Brokerage>Payload financial transaction, we are the conduit to make paying your agents fast and easily.
If you are using the payload application to pay agents you can get your agent to add their banking information to the Loft47 platform or you can add their information for them if you have it. There are two ways to set your agents up in Loft47 via payload, it is recommended for higher security that your agent sets their own information up.
*Please note, new payload accounts take up to 24 hours to authorize before transactions can be paid out.
SET/REVOKE ADMIN PERMISSIONS
Admins have access to payload menus. To prevent them from seeing these menus, deselect the 'Allow Direct Payout' option in their profile.
To do that, head to the admin's profile>Edit> Uncheck the Allow Direct Payout checkbox at the bottom of their edit profile page>Click Save to update change.
SETUP BROKERAGE PAYLOAD/BANK ACCOUNT
This is setting up a Brokerage Bank Account which will allow you to both send & receive funds.
For agent setup, please send them this article https://support.loft47.com/portal/en/kb/articles/agent-how-to-set-up-payload-account#Set_up_Account
STEP BY STEP GUIDE: SETTING UP YOUR BROKERAGE BANK ACCOUNT
Before you can pay your agents via Payload in Loft47 you will need to set up the brokerage bank account and only a BROKER or an ADMIN with permission can do this.
- BROKERAGE INTEGRATIONS MENU AND PAYLOAD SETTINGS
- CLICK THE ADD NEW BUTTON
- COMPLETE THE NEW PROCESSING BANK ACCOUNT FORM (ALL FIELDS MUST BE COMPLETED)
MAP YOUR BANK ACCOUNT
To map your newly authorized processing account in your Payload menu in Loft, click the pencil
Chose the account you want to map your processing account to be mapped to by selecting it in the dropdown
Check the box if you're setting this bank account to receive funds from your Agent's AR
Click Save to update your changes.
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