By paying with "Pay Via Pluto" you utilize the convenience of paying through Pluto's integrated payment system for a seamless and quick transaction.
Step 1:
To begin using "Pay via Pluto", please follow the below steps:
1. Please add a source bank account that will transfer funds to Pluto's holding account for multiple vendors/bill remittances.
The source bank account can be a local account in AED or USD currency.
Please choose one of the accounts as the default for bill payments.
Optionally, users can select a non-default account at the time of payment.
Step 2:
To process the bills ready for payment, please follow the below steps:
Create a Bill with an invoice document and select a vendor that is registered for 'Pay Via Pluto'
Please go to the "Team Bills" tab and choose "My Review" from the drop-down list to approve the bill and change the status from "awaiting approval" to " awaiting payment"
Note: The "Pay Via Pluto" option is only available for bills where the vendor bank details have been registered in Pluto. A "Green tick" symbol indicates this next to the vendor's information.
Step 3:
To proceed with vendor payments, please follow the below steps:
Please go to the "Bills" tab and choose "Awaiting Payment" from the drop-down list.
Please select the "Pay Via Pluto" section and select multiple vendors/bills for bulk vendor payments.
3. Please specify the payout amount per bill by reviewing the amount left to pay
4. Please choose the source bank account that will be used to make payments for
these vendors.
5. Lock the FX rate for your bills using your base source bank currency (AED or USD)
within 1 minute and 30 seconds.
Note:
Each bill, regardless of being for the same vendor, will be processed as a separate transfer.
By clicking "Accept and view transfer instructions", you confirm that the total amount displayed on this screen (in AED or USD) will be transferred to the Pluto holding account. If you choose to cancel, a fee will be applied at the end of the month.
Step 4:
Before you confirm a transfer, please follow the below steps:
Please review the "Destination bank details" and confirm this has been added as a beneficiary to your bank account.
Please ensure to include the "Reference ID" displayed on this screen in your remarks, memo, or description on your bank portal - bank transfer page as it is crucial for our platform to process the payments correctly and subsequently distribute it to various vendors.
Please make sure you select "Adding the reference code and completed the transfer" then please click on the "Transfer Confirmed" button.
Note: Each payment reference ID can be found in the payment tab
Step 5:
Once the funds arrive in the Pluto holding account, please take note of the following:
The status will transition from "Waiting for Funds to Arrive" to "Dispatch in Progress" upon receipt of the funds in the Pluto holding account.
Once the bill payment has been confirmed, the status will be updated to "Paid"
Note: If you're an admin and you see the Lock on "Pay via Pluto", please reach out to us via the chat option in the bottom right corner, as we may need some additional documents to complete your verification for "Pay Via Pluto".