Pay multiple beneficiaries at once with Verto’s new bulk payments feature

Managing multiple payments manually can be tedious, time-consuming, and prone to errors. At Verto, we understand the challenges businesses face when processing payroll or paying multiple vendors. That’s why we’re excited to introduce our latest feature: Bulk Payments.

This powerful addition to the Verto platform is designed to simplify and speed up payment processing for our users. Here’s a closer look at what this feature offers and how it can benefit your business.

Why bulk payments matter

Manually inputting individual payment details for numerous beneficiaries is inefficient and can result in costly mistakes. For businesses managing payroll or handling large volumes of vendor payments, the need for a streamlined solution is critical. That’s where Bulk Payments come in.

Key benefits:

• Faster payment processing with just a single file that is used to process payments to multiple beneficiaries.

• Easily spot and correct any failed payments before proceeding. Verto will flag if there are no funds or if the information is incorrect.

• Monitor the status of each payment and access detailed histories of past bulk payments.

• Approvers can bulk approve or reject payments, or even review individual transactions.

“The complexities involved in paying large numbers of people in different currencies can instantly put businesses and their processes behind. At Verto we want to enable your business to scale globally. So we remove as many barriers as possible. Manually paying employees and suppliers is time-consuming and we are hoping bulk payments will unblock that process,” says Verto Product Director Tomasz Bilakiewicz. 

How it works

• Navigate to the Bulk Payments page and select Create New Bulk Payment.

• Choose the wallet for payment processing.

• Upload your payment CSV file (download our template for easy formatting).

• Correct any errors flagged by the system.

Submit for approval and track the status on the bulk payments page.