Payout Account

A list of bank accounts linked to Hahalolo payment accounts allows users to withdraw money from payment accounts into one of these accounts.

How do I create a payout account?
  1. Click Payout account in the left column of the screen
  2. Press Click here
  3. At the Create a payment account form, fill out the information for 4 fields, including Account info, Account owner, Tax form, Payment info
  4. Tick 2 boxes "I agree to Hahalolo terms and policies" and "I agree to let Hahalolo use my account information provided to proceed with the money transfer", then click Complete

ACCOUNT INFORMATION DECLARATION:

Contains main information about the account, including:

      • Payout account name
      • Account type: The transaction account type should match the Payment account type (individual/business).
      • Tax code: Individual/business
      • Tax type: Determines the tax type (depending on each country)

EIN: Employer Identification Number

SSN: Social Security Number

ATIN: Taxpayer Identification Number for Pending U.S. Adoptions

PTIN: Preparer Taxpayer Identification Number

      • Email/Phone number: Account owner's contact information
      • Address/Address 2 – Country – City – County/District – Postal Code: Information about geographical location of the account owner

ACCOUNT OWNER DECLARATION:

Includes information about the account owner:

      • Last name
      • First name
      • Middle name
      • Date of birth (at least 18 years old)

TAX FORM:

Includes information about tax declaration forms. Depending on the laws/policies of each Country, there is each corresponding form

PAYMENT INFORMATION:

Includes information about payment methods:

      • Payment method
      • Payment country
      • Cardholder name (without tone marks)
      • Bank name: Keep in mind to use international bank names
      • SWIFT code of the bank
      • Bank account number

You can create multiple transaction accounts by:

At the Payout account interface, clicking Create payment account, then filling out information on the form as the above steps.

How do I manage my payout account?
  • Display the withdrawal accounts list of a business account.
  • Allow selecting the default account quickly in the list.
  • Allow viewing details and deleting accounts from Wallet.

PAYOUT ACCOUNT INFORMATION

Each account is presented on a horizontal line, including the following information:

      • Account name: The name of payout account associated with the payment account
      • Email: Contact email of account holder
      • Account type: Personal or Business
      • Payment option: Bank transfer
      • Default: Set a default account when you access the Withdrawal Request interface. The account with a Screenshot_1.png icon is the default withdrawal account
      • Details: Redirected to the account details interface
      • Remove: Remove the payout account you created
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