The Benefits of using a Bank Payout

• Pay all Winners with one action
• Record who has been paid easily
• Improved Tracing of payments for Accountant/Treasurer

Important to note when using a bulk bank payout

• A Bank Payout will pay winners that have been allocated a Prize where the payout method has been set to Electronic Funds Transfer.
• Bank Payout must be used in conjunction with Requesting Bank Details from Exhibitors. 
• Please consult with your Bank before using this option, as they may / may not support it. You will need a business account in order to use the bulk update. 
  • You must have Business Online Banking enabled in order to faciliate bulk bank payouts.

Payout Formats

• AIB is proven to support the XML payout option. 
• A BOI EFT payout file is available with final testing in progress
• Other EFT formats can be requested via your Service Desk account
• Australian Bendigo Bank accepts csv format for EFT payouts

The Set Up

• Set up your Bank Payment Profile
• Set prize payout methods to EFT per prize
• Enable Bank Details to be requested with Exhibitor's entries
  • IBAN Verification tool: Please raise a Service Desk request if you require IBAN Verification enabled - this is a paid service and is not available by default.

THE PROCESS IN SHORT 

Enter Results -> Generate EFT .xml file -> Upload to Bank -> Get confirmation of successful payment from Bank -> Upload EFT .xml back into SuperShow to confirm amounts were paid in full.

Top Tips

• Pay all exhibitors at once after ALL results for EFT payouts are entered
• Creating multiple variations of your bank payout file will only add additional management strains
• Ensure your prizes are set to Electronic Funds Transfer (EFT) so that they are included in the payout