Bulk Payments

About Bulk Payments feature and how to use it

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Written by ekin
Updated over a week ago

About Bulk Payment

Bulk Payments is a feature that enables sending money to multiple recipients at once.

Eligible wamo users

Upon feature launch, all wamo customers will be eligible for accessing bulk payment functionality. The goal is for all wamo customers to see and test this feature and decide for themselves if they would be needing it for their businesses. The deadline for the trial period is 1st of April.

After 1st of April only Scale Plan users will continue having access to the Bulk Payment functionality. Scale Plan users have 250 free local transfers (SEPA or FAST) defined in their plans so Bulk Payments will come essentially at 0 cost for the first 250 transactions.

How to use Bulk Payments?

1- Check if you have the recipients saved into your wamo account. If there are new contacts, or you wish to upload your file, make a list of all the transfers you wish to submit.

2- Two different templates are available for EURO and GBP currencies. Remember, you cannot make EUR and GBP transfers at the same time. Please select either EUR or GBP

2A- EURO Transfer

Adapt your list to the following format and save it as a .CSV document.

Columns:

Name

Recipient Type

IBAN

Recipient Bank Country

Currency

Amount

Reference

DOWNLOAD THE TEMPLATE HERE:

2B - GBP Account

Adapt your list to the following format and save it as a .CSV document.

Columns:

Name

Recipient Type

Account number

Sort Code

Recipient Bank Country

Currency

Amount

Reference

Here is the country code list: https://www.iban.com/country-codes

3- Go to Bulk Feature on wamo app.

4A- Upload your CSV, revise the list, and approve with 2 Factor Authentication!

4B- If the recipient is already saved in your wamo account, tap on the plus icon in Bulk Payments to add as many recipients to your transfer list as you need.

5- Add new recipients to your saved contacts.

6- You can do the whole process by clicking on your saved contacts instead of the CSV list.

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