How can I receive money accumulated in my Midtrans merchant account (withdrawal)?
Note: formerly this activity was also called as "Payout", due to clarity it is now called as "Withdrawal".
If you have Midtrans merchant account, you will be able to withdraw your money at least 3 business days after the transaction. You can choose when will be the right time to transfer your money. There's no additional fee when performing withdrawal.
To withdraw your money for the first time, please pay attention to this requirement:
- You need to set your Bank Account Information, under Billing menu.
- You need to submit all required registration data/documents.
- You have at least 1 success/settlement transaction.
If the data/documents are incomplete during the registration process, Midtrans' team would contact you through email and/or WhatsApp within 3 working days after you've finished the registration process.
To understand more about withdrawing fund, generally you can learn more from this section. Or proceed to guided steps below.
There are generally 2 methods to be able to withdraw funds, namely Manual Withdrawal and Automatic Withdrawal, below will be explained on steps to do each of these methods.
Manual Withdrawal
Below are the steps:
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Click BALANCE menu on the navigation bar.
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Click Withdraw button.
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Click Confirm.
Automatic Withdrawal
Here are the steps you have to do:
- Enter your Midtrans portal,
- Click the SETTINGS> BILLING menu to enter the automatic payout setting page,
In the Billing Configuration section, click the arrow button on the Repeat Every menu. Choose the payout period you want.- Disabled: The Auto Payout feature is disabled.
- Daily: The payout process will be carried out every working day.
- Weekly: The payout process will be done once a week (weekdays).
- Monthly: The payout process will be carried out once a month (working days).
- Select the day (for the weekly payout) or the date (for the monthly payout) that you want.
- Click on Save
For Automatic Payout, make sure the funds that can be withdrawn are more than the same as Rp. 50,000. If at the time the payout schedule automatically runs but the funds are lacking, then the payout process cannot be done until you wait for the minimum funds to be fulfilled. If you don't have any successful transactions within 8 days before the schedule, the automatic payout wouldn't work, so you could do a manual payout to get your fund.
After you do the payout process, the Midtrans system will automatically send a payout receipt request email to the email you entered on the Midtrans dashboard (MAP) menu Settings> Email Notification> Email Payout Report.
Notes and Limitations:
Please note some limitations for Withdrawal:
- You will receive the fund in the same day if you request it BEFORE 11 AM; you will receive the fund tomorrow if you request it in 11 AM or AFTER.
- There might be a delay on holiday time (such as due to banking holiday), however, you should contact us if you haven't receive your money in 3 days.
- Withdrawal is not available during 12:00 AM (midnight) to 01:00 AM everyday, due to an internal daily transaction summary process.
- Withdrawal only available if your payable amount is at least IDR 10,000.
Updated 8 days ago