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 USD & $1.50 USD 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 YOUR 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.
SETTING UP BROKERAGE PAYLOAD/BANK ACCOUNT
This is setting up a Brokerage Bank Account which will allow you to both send & receive funds.