What is a payout and how to create a payout request

Sheepy's crypto payout feature allows you to send crypto payments without having to buy, hold, or manage crypto yourself. You can use your existing fiat balance to fund your crypto payouts, and the platform will handle the conversion and transfer for you. You can also choose from various cryptocurrencies and wallets to suit your preferences and needs.

Payouts page

1. Log in to your Sheepy dashboard and click on the "Crypto payouts" tab in the left menu.

2. On this page you may find all your recent payout requests.

You can sort them by date or period or search for them by payout ID or payout address if needed.

3. You can get more information about the payout by clicking on it:

4. On the next page, you can find detailed information on a specific payout, such as:

• Payment date: The date and time when the payout was sent.
• Payment status: The current state of the payout.
• Payout ID: The unique identifier of the payout.
• Payment address: The address where the payout was sent.
• TxID: The transaction ID on the blockchain network.
• Amount: The amount of cryptocurrency that was sent.
• Fees information: The fees charged by Sheepy or the network for processing the payout.

You can also repeat the request, go back to the recent payouts page, or export the payout data by clicking on the download icon in the upper right corner.

How to make a payout request

There are two types of crypto payout on Sheepy - manual and auto payout.

To request a payout, please follow these steps:

1. Log in to your Sheepy dashboard and go to the Payouts section.

2. Click on the “Request payout” button.

Manual payout request

Manual crypto payout is a feature that allows you to withdraw your earnings from Sheepy to your cryptocurrency wallet by making a request, rather than having it done automatically or periodically. Manual withdrawal gives you more control and flexibility over your funds.

1. Choose an existing method or enter a label to a new one, choose your payout currency, enter the recipient address, description (optional), and amount to send.

2. Review the details of your payout and confirm it.

How to set up an auto payout

Automatic crypto payout is a feature that allows you to withdraw your earnings from Sheepy to your cryptocurrency wallet without having to manually request it every time. This can save you time and hassle and help you avoid forgetting to withdraw your funds.

1. After creating a manual payout request tailored to your needs and awaiting its approval, navigate to the "Scheduled Payouts" tab. Here, select either a newly created payout request or one from the existing list.

Then, click on the "Edit Mode" icon. This feature enables you to modify the settings of your payout request.

2. The next step is to switch to automatic payout mode by clicking on the toggle.

Further you should to select the period of payout in a dropdown menu and click “Save changes” button:

3. On the next page you may see all created payouts.

You can pause the automatic payout process.

Or you can resume the automatic payout process back by clicking on the appropriate icon.

Also, you could remove the payout method you don’t need anymore.

That’s it! You have successfully set up the auto payout on Sheepy. You can track its status on the Payouts page.

Mass payouts

Sheepy's Mass Payouts feature streamlines bulk payment processing, making it a perfect fit for businesses handling frequent multiple transactions. This feature efficiently simplifies the complexities of distributing payments to numerous recipients. It's especially beneficial for companies with extensive networks of freelancers, affiliates, or suppliers, ensuring seamless and efficient transactions.

To create a mass payout request, please refer to our supplementary guide titled "What are mass payouts and how to create a mass payouts request?".

Payout statuses

Your payout can have one of the following statuses:

• New - Newly created payout request.
• Pending - Payout request approved, balance debit pre-authorized.
• Queue - Transaction has been created and is waiting to be sent to the network.
• Confirming - Payout transaction is in mempool and being confirmed by the network.
• Done - Successfully completed payout.
• Error - Unexpected invoice error. Technical support assistance is required. You can contact [email protected] for more information.
• Canceled - Cancelled payout.

API integration

You can also use the Sheepy API to integrate payouts into your existing payment flow. You will need to generate an API key and use it to authenticate your requests. The API documentation provides detailed information on how to use the endpoints, parameters and responses for payouts.

For more information on how to use Sheepy payouts, please visit our Developer page.