In today’s fast-paced digital economy, businesses dealing with numerous transactions often face inefficiencies and high costs when using traditional payment methods. Sending multiple crypto payments, such as payroll, commissions, or rewards, can become cumbersome. NOWPayments’ Mass Crypto Payouts feature offers a streamlined, automated payment solution that helps businesses save time, reduce transaction fees, and enhance payment security. Whether you’re paying employees, freelancers, affiliates, or gamers, this feature allows you to send payments to a large number of recipients simultaneously with minimal effort.
What Are Mass Crypto Payouts?
Mass Crypto Payouts by NOWPayments allow you to distribute cryptocurrency payments to multiple recipients simultaneously using just one API call or a single click through the dashboard. This method drastically simplifies processes that would otherwise require separate, manual transactions.
Key Use Cases for Mass Payouts
- Crypto Payroll: Pay employees globally with cryptocurrency, no matter the number or geographical location.
- Commissions & Affiliate Payments: Easily reward affiliates with their earnings in crypto, ensuring accurate, timely payouts.
- Gaming & Rewards: Distribute game prizes, bonuses, and airdrops to participants.
- Freelance Payments: Make regular payments to freelancers and contractors in a variety of crypto assets.
With this feature, there’s no need to manually send individual payments. Instead, you can upload a CSV file with all necessary information and let NOWPayments handle the rest. You can process payouts easily through your dashboard or automate them entirely via our API.
Why Choose Mass Crypto Payouts?
Now that we understand what mass payouts are, let’s explore the benefits of mass payouts in more detail. Mass payouts for businesses offer several advantages, making them a perfect payment solution for various industries.
Save Time and Reduce Manual Effort
One of the primary benefits of mass payouts is the ability to handle large batches of payments in crypto with one click. Without mass payouts, sending individual crypto payouts can be extremely time-consuming. For businesses handling dozens or even hundreds of payments regularly, the process becomes labor-intensive and prone to human error.
By using NOWPayments’ automated mass payouts system, you can:
- Upload a list of recipients and payment amounts via CSV.
- Let the platform process and automate the payment process, handling all the tedious work for you.
Lower Transaction Costs
Traditional payment methods and cross-border payments can come with high transaction fees. However, mass payouts aggregate multiple crypto payments into one batch payment, saving on service fees.
- Zero service fees: NOWPayments charges no service fees for mass payouts.
Global Accessibility
Mass payouts allow you to send crypto payments in over 350 cryptocurrencies, and because blockchain transactions are borderless, you can easily send payments to recipients worldwide. The global payment nature of cryptocurrency makes it particularly advantageous for businesses working with international payments and global recipients.
Enhanced Security
Unlike traditional payment methods that involve multiple intermediaries, mass crypto payouts are secure thanks to blockchain technology, which ensures that each transaction is recorded and immutable.
- Transparency: Blockchain records every payment, making it easy to track and verify crypto payments.
- Irreversibility: Once a crypto transaction is completed, it cannot be undone, significantly reducing the risk of fraud or chargebacks.
Scalability
Whether you’re sending 10 payouts or 10,000, NOWPayments’ mass payouts platform can scale to meet your needs. The system is designed to accommodate businesses of all sizes, from startups to large corporations handling massive volumes of crypto payouts. The ease of scaling allows businesses to grow without worrying about adding complex payment systems.
How to Get Started with Mass Payouts
Mass payouts involve several steps, but the process is straightforward. Whether you’re opting for the Dashboard method or the API method, here’s an in-depth breakdown of how to use NOWPayments’ mass payouts solution.
Mass Payouts via Dashboard
The Dashboard method is user-friendly and ideal for those who prefer a GUI-based solution. Here’s how you can get started:
1. Create an Account: Sign up for a NOWPayments account if you haven’t already.
2. Activate Custody: Navigate to Dashboard > Custody and activate Custody. This reduces network fees and provides added payment security.
3. Set Security Measures: Enable 2FA, and set up IP address whitelisting and wallet address whitelisting for additional security.
Manage IP address whitelisting in Settings > Payments > IP Addresses
You can request to add wallet addresses to your whitelist under Mass Payouts > Whitelist addresses
- Deposit Funds: Top up your account with the cryptocurrency of your choice.
- Prepare Your CSV File: Download the CSV template and fill it with the necessary recipient payment details (cryptocurrency type, wallet address, amount, etc.).
- Upload the CSV File: In the Mass Payouts section, upload your CSV file with the payment details.
- Confirm the Payout: Enter the 2FA code received via email or authentication app to verify the transaction.
- Set Network Fee Settings for Withdrawals: Network fees can be paid either by the sender (you) or the receiver.
You can set this in your dashboard:
Navigate to Settings > Payments > Payment Details > Withdrawal Fee Paid By
Choose Sender (fees deducted from your Custody balance) or Receiver (fees deducted from the payout amount).
- Send Payments: Once confirmed, NOWPayments processes the mass payouts, and all payouts are sent to recipients automatically.
NB. Payments will be sent in the specified cryptocurrency amounts without any conversion. Ensure that you have sufficient funds in the desired currency to receive your payout.
Mass Payouts via API
For businesses that want to automate payouts and integrate them into their own systems, NOWPayments offers a Mass Payouts API. Here’s how to implement it:
- Create an Account: Sign up for NOWPayments and enable 2FA.
- Generate API Key: Go to your dashboard and generate an API key to integrate the service with your system.
- Activate Custody: Enable Custody for fee reductions and secure management of funds.
- Whitelist IP Addresses: Add your business IP addresses to the whitelist for added security.
- Integrate API: Follow the API documentation to integrate the Mass Payouts API into your system.
- Create and Verify Payouts: Use the API’s POST /create/payout method to initiate payouts, and verify them using 2FA with the POST /verify/payout method.
- Monitor Payout Status: Use the GET /payout/:payout_id endpoint to track the payout status (waiting, processing, finished, etc.).
For more details, check out Mass Crypto Payouts guide
Mass Payouts vs. Traditional Methods: Why It’s the Better Choice
Traditional crypto payouts are manual, slow, and inefficient. You must initiate each payment one by one, which consumes time, introduces risk, and complicates tracking.
NOWPayments’ Mass Payouts turns this process into a streamlined, automated operation:
- Send thousands of payments in a single batch with one upload.
- Pay 0% in service fees—we charge nothing for executing your mass payouts.
- Ensure every transaction is secure, fast, and fully transparent with built-in tracking.
For businesses that handle high-volume transactions, such as payroll, creator payouts, commissions, or affiliate rewards, this means significantly lower operational costs, fewer errors, and effortless scalability.
Common Issues to Avoid
While NOWPayments simplifies the mass payouts process, a few best practices can help you avoid common pitfalls and optimize your experience.
- Invalid Wallet Addresses: Double-check wallet addresses in your CSV file to ensure that the recipient gets their payment. Use the POST /validate/address API endpoint for verification.
- Incorrect Extra ID: Ensure you correctly enter destination tags or memos for coins like XRP or XLM.
- Decimals Limit: Keep in mind that crypto transactions have decimal limits (usually 6 digits), don’t exceed this when entering the amount.
- CSV Formatting: Use the template provided by NOWPayments to avoid formatting errors that can lead to mass payouts failures.
Why NOWPayments?
When considering mass payouts solution, NOWPayments stands out due to several factors:
- No integration fees
- Automated payment flow
- No service fees
- Support for over 350 cryptocurrencies
- 24/7 customer support
- High availability and fast response times
- Security
Conclusion
NOWPayments’ Mass Crypto Payouts solution is designed to simplify paying large numbers of recipients. Instead of managing countless individual transactions, you process everyone with a single, automated batch. Whether you’re managing payroll, affiliate rewards, or one-time crypto payouts, the feature allows you to automate the entire payment process.
By adopting mass payouts, businesses can streamline international payments, save time, and ensure their payments in crypto are both secure and efficient. Ready to simplify your payment workflow?
FAQ
What are Mass Crypto Payouts?
Mass Crypto Payouts is a feature offered by NOWPayments that enables businesses to send crypto payments to a large number of recipients simultaneously. This process eliminates the need to send individual payments, making it ideal for paying employees, affiliates, freelancers, or distributing rewards.
How do Mass Payouts work?
Mass Payouts streamline sending cryptocurrency to many recipients at once. You can process payments in bulk in two flexible ways:
- Via the Dashboard: Simply upload a CSV file with your recipients’ details. The system automatically processes all listed payments.
- Via the API: Integrate directly with your platform to trigger and manage mass payouts programmatically, without manual file handling.
In both cases, NOWPayments automates the entire execution, ensuring every payment is secure and sent efficiently.
Why should I use Mass Crypto Payouts?
Mass Payouts provide multiple benefits that improve payment efficiency:
- Save time: Automate the entire payment process, eliminating the need to manually handle multiple payments.
- Enhanced security: The use of blockchain technology makes each transaction tamper-proof and irreversible, providing a secure environment for global payouts.
- Scalability: Whether you’re making mass payouts for businesses or handling a large number of recipients, the platform scales with your needs, allowing businesses to process bulk payments easily.
- Payment tracking: You can track payments, verify their status, and ensure timely deliveries with automated mass payouts.
- Global payment reach: Send international payouts in a wide range of cryptocurrencies to recipients anywhere in the world, improving global payment capabilities.
Is it secure to use Mass Crypto Payouts?
Yes, NOWPayments employs a robust security framework to ensure the safety of your payouts. The system leverages blockchain technology, which guarantees that each transaction is transparent and immutable, making fraud or chargebacks impossible once a payout is completed. Additionally, security measures such as IP address whitelisting, 2FA (two-factor authentication), and wallet address whitelisting protect both your funds and the recipients from unauthorized transactions.
What currencies are supported for Mass Payouts?
NOWPayments supports over 350 cryptocurrencies, meaning you can send payouts in crypto using your preferred cryptocurrency. This versatility allows you to send payments in multiple currencies and ensure that recipients receive them in crypto exactly as required.
How do I track Mass Payouts?
Tracking mass payouts is simple and transparent. You can monitor the status of each payment using the NOWPayments dashboard or via the Mass Payouts API. The GET /payout/:payout_id endpoint allows you to check real-time status updates, including whether the payout is waiting, processing, sending, finished, or has failed.
Can I automate recurring Mass Payouts?
Yes, you can set up recurring mass payouts through the NOWPayments API. This allows you to automate the regular payment process for employees, affiliates, freelancers, or any other recipients, without needing to upload a new CSV file each time.