---
description: >-
  Keywords:  Payout Type Configuration; Authorized Limits; Allps EFT; FNB
  eWallet; Withdrawal Fees
---

# Payout Method Setup

## **Welcome to Payout Method Setup**

The **Payout Methods Setup** module allows you to define and configure the payout options available during the loan payout process.  Key settings include:

* **Authorized limits**: Determines which **branches** and **categories** qualify for the loan purpose.
* **Payout Type**: Select a payout type; _Cash, Allps EFT, Allps Wallet or Other_.&#x20;

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To begin, either select an existing purpose from the table or click the **"+"** icon to create a new payout method:&#x20;

<figure><img src="https://1899951008-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FOuSE8MLBiTTv5wYGJpkP%2Fuploads%2FYr51RrFoVda80SKPdheb%2Fimage.png?alt=media&#x26;token=9935e0ea-9af1-4759-bbdd-dca2c8e5133e" alt=""><figcaption></figcaption></figure>

Next, select a payout type from the dropdown below and assign the authorized **categories** and applicable **branches**.&#x20;

<figure><img src="https://1899951008-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FOuSE8MLBiTTv5wYGJpkP%2Fuploads%2FFXmkwataziMp9ZIXeKes%2Fimage.png?alt=media&#x26;token=c50077eb-7e0a-4f2a-a72f-fe8def915900" alt=""><figcaption></figcaption></figure>

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### Usage Recommendations

Each payout method serves a specific purpose and has its own advantages and limitations. Below is a breakdown of the available payout types.&#x20;

#### **Cash**

Cash payouts should only be used as a last resort in emergency situations. Handling cash carries security risks, and it is advisable to minimize its use wherever possible.

#### **Allps EFT (Electronic Funds Transfer)**

The Allps EFT functions similarly to a standard EFT, where funds typically take around **two days** to reflect in the client's bank account.&#x20;

While EFT is a reliable and widely accepted payment method, processing can take up to **48 hours**. During this period, the loan remains in the **payout queue** within Mobiloan until the funds are successfully received.

#### **Other**

This option acts as a book journal entry, allowing you to record and track payout transactions without the actual movement of funds. When configuring **Other** payout types, you will need to specify a custom name for the payout method.

#### **Wallet (Electronic Wallet via First National Bank - FNB)**

The Wallet option allows payouts to be made directly to the client's mobile-linked electronic wallet, commonly known as **FNB eWallet**.

The client receives an SMS containing a secure PIN and can withdraw their funds from any FNB ATM using their **cell phone number** and the provided **wallet PIN**.

#### **Withdrawal Fees & Feza Cards (Wallet-Linked Bank Cards)**

When selecting **"Allps Wallet,"** users must specify who will cover the fee for issuing **Feza Cards** to clients. The cost can either be **fully covered by the company** or **charged to the client** as a withdrawal fee.

Clients also have the option to **link a Feza Card** to their Wallet. This card works like a traditional bank card, allowing withdrawals from **any ATM**, not just FNB ATMs, providing greater accessibility and convenience.

<figure><img src="https://1899951008-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FOuSE8MLBiTTv5wYGJpkP%2Fuploads%2F9mxeo50eWWOzhB65WzHb%2Fimage.png?alt=media&#x26;token=3965f056-7196-4b51-8b3f-916729730922" alt="" width="563"><figcaption></figcaption></figure>

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The Payout Method setup is now complete You can now verify that the new Payout Method object has been successfully created.

***

{% hint style="info" %}
**Mobiloan Pages:** payout\_method\_detail
{% endhint %}
