Creating a Payment Group with Payment Transactions

If you are making use of Curve's Payments functionality, you will be able to organise all Payments that are to be made in a Payment Group. A Payment Group will hold all the pending payment transactions, ready for you to approve them and pay these via our integration.

There are three ways in which you can create a Payment Group and subsequent Payments.

Creating your Payment Group

By enabling Auto-Payments in your Contracts - If at least one Contract in your Period has the Auto-Payment functionality enabled and has a payable balance (i.e. the balance is higher than the Minimum Payout threshold), then a Payment Group holding these Auto-Payments will automatically be created. This payment will always be created in the Contract Currency.
If you reprocess the Period, and this results in different balances for your Contracts, then the Payment amounts in the Payment Group will automatically update too. However, as soon as at least one payment in a payment group has been fully approved and paid, you will no longer be able to reprocess the linked Period. So please only start approving payments once you are confident your Period is complete.
By triggering a Payment in a Statement - You can manually trigger a statement’s closing balance to be created as a payment. All payments that are triggered within the same Period on Curve will automatically be created as part of the same Payment Group. This payment will always be created in the Contract Currency.
If you reprocess the Period which results in changes to the balances of your payable Contracts, Curve will not automatically update the payable amount of previously triggered pending payment transactions. However, as long as the Payment is not paid, you will be able to update the Amount.
By manually creating a Payment Group and manually creating Payments - A final option is to create the entire Payment Group and all of its Payments manually. The payments will be created loose from any Periods, Contracts or Statements on Curve.

Reviewing your Payment Group

When creating a Payment Group, the Payments in this Group will have one of the below two statuses

Missing Info - This means that the Payee for which this Payment is does not have valid bank details stored. In this event, please make sure Payment Details are added for this Payee.
Pending - This means your Payment is ready to be paid, and Curve has all the necessary information to be able to complete this transaction.

Once the Payments are paid, their status will update to Paid, or possibly it can also display a Payment Error status if the Payment has failed. More information these statuses can be found here.

There are a few checks we advise users to do before starting to make Payments

Review if the statements are complete and you don't have any further intention to change any of these statements.
Review if there are still unpaid Payments in the Payment Group from your previous Period. If so, and if you prefer to send one Payment to your Payee rather than separate Payments to the same Payee across the different groups, you may wish to delete these unpaid Payments from the previous group, and adjust the Payment transaction in the current Group to reflect the full amount to be paid.
Review if there are Payments with a "Missing Info" status. If so, make sure their Payee has Payment Details stored so you can complete this Payment. It is possible for you to pay all Payments with a Pending status, and come back to complete the Payments with a "Missing Info" status another time.
Review if your Payment Balances hold sufficient funds to successfully process all payments in your group. You are not able to go into overdraft on your Payment Balance on Curve. Payments will error when there is no sufficient amount on your Payment Balance to complete the Payment.

We provide more information about our best practices on reviewing a Payment Group here: Best Practices when Reviewing Your Payments & Payment Groups