SkySlope Books is integrated with Payload.co to provide your brokerage with an easy and efficient way to send outgoing Electronic Fund Transfers (EFT) payments to agents.  Payload.co is easy to set up via the Money Transfers integrations within SkySlope Books and sends EFT payments the next day!

 

Important Details

How much does it cost to send EFT via Payload.co?

At the beginning of each month, Payload.co will send a monthly billing statement to the brokerage for all transactions processed for the previous month.

  • Disbursements up to $75,000: $1.00 for disbursements up to $75,000.
  • Additional increment of $75,000: For every additional increment of $75,000 (beyond the initial $75,000), the brokerage is charged an extra $1.00.

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What are the cut-off and processing times?

EFT payments must be completed in SkySlope Books by 3:00 PM PST for a next-day transfer!   

 

exclamation.png Important: Existing ZilMoney users: This is Step Two of the Money Transfers with Payload.co setup. Existing ZilMoney users must first complete Step One: deactivate ZilMoney within the Money Transfers integrations prior to setting up Payload in Money Transfers. Follow the steps outlined in this article, then follow the steps below.

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Setting Up Money Transfers

1. In the left menu, navigate to Settings

2. Click on Integrations

 

3. Click on the All tab

4. Locate the Money Transfers integration and select Activate

5. Click the "Get Started" button

6. Next, you'll need to create a Payload.co account. Click Create Payload.co Account to get started.

7. In the pop-up that opens, you will fill out a few sections of information to create the account.

  • Funding Account Information: Provide the details for the bank account.
  • Business Information: Provide the details for the business.
  • Beneficial/Control Ownership Information: Please note that this is specific to each entity. If necessary, you can add more than one entity. Click + Add Beneficial Owner/Officer/Principle to add more.

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8. Towards the bottom of the pop-up window, there are two important sections to review:

  • Fee Schedule: This information is specific to invoice payments and not applicable at this time. 
  • Merchant Authorization and Acceptance of Terms and Conditions: Use the toggle switch to confirm that you accept the terms. Use the drop-down menu to select the individual accepting the terms. If adding more than one controller, you will need to agree for each individual. 

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9. Once you have completed all information and agreed to the terms, click Submit.

10. After clicking Submit, you will be prompted to connect the Payload.co account to a ledger account. You can either select an existing ledger account from SkySlope Books or create a new one. Then click Apply.

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11. Once you've successfully connected to a ledger account, the setup is complete! The status will show as Pending Approval for 24 to 48 hours

Important: You will not be able to initiate any electronic funds transfers (EFTs) until after the review process is complete and the account has been approved. You will be notified via email once the account has been approved.

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Adding Agent Bank Account Information

For an agent to be able to receive EFTs via Payload.co, their banking information must be added to their account. This can be done before or after the setup process outlined above.

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