Batch payments let you bundle up to 10 transfers into a single batch, so you don’t have to send out each payment one by one. This is useful for scenarios like running payroll where the same account needs to send funds to many recipients. Each batch payments is processed as a single transaction but each recipient receives their individual payment when executed.
How to Use Batch Payments
1. Navigate to the Treasury dashboard, and click the Send button at the top right to start a new transfer.
2. Select Crypto. Batch payments are currently only available for crypto payments.
3. In the Send form, you’ll see an option to upload a CSV for batch payments. Download the provided CSV template from the interface. Each upload can contain up to 10 transfers, and the minimum amount per transfer is 100.
4. Fill out the template with each recipient’s name and the amount to send. Each name must match an existing recipient in Altitude, as the system uses it to locate the saved address. Enter the amount in the appropriate currency for the sub-account you’re sending the funds from.
Formatting Tips
Recipient Name – Enter the recipient’s name exactly as it appears in your Recipients list. Every name in the CSV must already exist in that list, as you cannot add new wallet addresses or bank details through the CSV upload. If a name doesn’t match an existing recipient, the payment will be flagged with an error.
Amount – Enter the amount to send to each recipient, using the currency of the sub-account you selected for the transfer. Use numeric values only (no currency symbols or commas). Two decimal places are allowed (for example, “2500.75” for $2,500.75). All payments in the CSV will use the same currency as the selected sub-account. The amount must be 100 or greater for each individual transfer.
5. Once your CSV is ready, upload it to the Send form. After uploading, Altitude will parse the CSV and display a list of the payments to be sent. Take a moment to review all recipient names and amounts and the sub-account to send from. Here you can remove individual entries, edit names and amounts, and change the file if the upload was incorrect.
6. When everything looks correct, click Proceed. On the final confirmation screen, verify the total amount, then click Initiate to submit the batch payment for processing.
7. Once initiated, the batch payment will appear in your Approvals tab as a single proposal (labeled as a Batch Payment) containing all the individual payments. Your team members will need to approve this proposal just like any other transaction. After the required approvals, execute the proposal to release the payments. All recipients in the batch will then be paid in one go.
Limits & Support
Batch payments allow up to 10 recipients per CSV file. If the file has more than 10 recipients, only the first 10 entries will be uploaded.
Organizations that need to process more than 10 recipients per batch can request an account upgrade. With support approval, Altitude enables up to 100 recipients in a single batch payment.
Need more information? Reach out to the Altitude support team for questions and concerns at [email protected]. 📧