Creating a Payout with Withdrawal with Approval Role in COINSBUY

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This article explains how to manage payouts using the "Withdrawal with approval" role. It outlines the process from creating a payout request to obtaining approval from an admin or owner.

How to set up and manage payouts that require approval?

Step 1: Assigning the Withdrawal with Approval Role

Access User Roles: Go to the admin panel. Navigate to the Wallet Details section.

Assign Role: Assign the Withdrawal with approval role to the users who should be restricted from making withdrawals without approval.


Step 2: Creating a Payout Request

Initiate Payout:

  • Users with the Withdrawal with approval role can create payout requests.
  • These requests will be automatically placed in the Waiting for approval status.

Notification to Admin:

  • Admin and owner users will receive email notifications and can see the requests in the Events tab.
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Step 3: Approving the Payout Request

Review Request:

  • Admin or owner users should review the payout request in the Events tab.

Approve or Reject:

  • Approve the request to process the payout or reject it if necessary.

Additional Information:

  • Limitations: Payouts from the Merchant Wallets should be approved within 15 minutes to ensure that the rates are reserved.
  • Regularly monitor the Events tab for pending payout requests to ensure timely approvals.
  • Ensure that the email notifications are correctly set up for the admin and owner users to avoid missing any payout requests.

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