!!Important: Please read before proceeding. Third-party payments from payment processors CAN NOT BE REVERSED, so please make sure everything is correct before you finalize a payment.

Loft47 offers several options for processing payments and requesting funds. View set up and summary of each Integration; Zum Rails or Payload. In this article we will be using payload as the example but both workflows are the same.  

There are different scenarios to consider, so please click on the scenario below to be redirected to the appropriate scenario and its instructions.

Mentor Fee

Bank Account Setup

Bank Account Not Setup

Third Party Payable Fee

Agent Savings Payable Fee

Mentor Fee

Learn more on how to create Payable and/or Mentor Fees

Bank Account Set Up

Agent’s paid as an Individual

1. Follow Steps in the link above to create your Payable/Mentor fee deduction
   
2. Add deduction to the deal
   
3. In the deal's deduction page, the option will open up to pay directly
   
4. If the contact is correct, then click Pay Directly
   
   
5. If the contact is not correct, then click Change Payee to change
   
6. Confirm the email is correct
   
7. Click Pay
   
8. Confirmation will popup in a new modal window
   
   

Confirmation of the status of this transaction can also be found in your Integrations/Payload(Zum)/Transactions page

Agent’s payable to Organization

Please note, when you select your agent’s name and if they’re set up to be payable to their company name (org contact type) the name will default to the organization name when selected

1. Click Pay Directly in the deduction
   
2. Select the Recipient
   
3. Choose the recipient radio button where the agent with org has an active email address
   
4. Click Pay
   
5. Confirmation will popup in a new modal window
   

Bank Account Not Setup

Agent paid as an Individual

Follow the same steps above by adding the deduction to the deal>making sure your payee is correct

1. Click the Pay Directly link
2. The Recipient will be already chosen, just make sure the email address is correct
   
   

1. Click Send Payment Activation
2. Confirmation will be populated in the deal
   

Your agent will be sent an email from payload or Zum, see what the email will look like here

Agent Paid as an Org

Follow the same steps above by adding the deduction to the deal>making sure your payee is correct

1. Click the Pay Directly link and in the popup modal, choose the Agent with the email as a recipient
   
2. Click Send Payment Activation
   
3. Confirmation will be populated in the deal
   

Your agent will be sent an email from payload or Zum, see what the email will look like here

Third Party Payable Fee

Because you will never have the bank account information for Third Party Payables, you will always have to send the Payment Activation link when paying these entities out. Please refer to any of the above scenarios where no bank account information is available.