Discover On-Demand Settlements: Empowering Organisers on KonfHub
At KonfHub, we're excited to introduce a game-changing feature: On-Demand Settlements. This new capability gives event organisers exceptional control over their finances, allowing them to manage funds with flexibility and ease.
What is On-Demand Settlement?
Currently, KonfHub has an automated weekly funds settlement system for organisers in India. Funds are disbursed to organisers' accounts on Thursdays every week.
The introduction of this On-Demand Settlement feature relieves organisers by allowing them to initiate balance fund settlement immediately to their connected bank account. This feature is available to all KonfHub event organisers who are organising paid events.
Why On-Demand Settlement?
On-Demand Settlement provides several advantages:
Key Features
Steps to Use On-Demand Settlement
On-demand settlements are extremely simple—as an organiser, you just need to navigate to the Settlements tab, click “Settle Amount,” and enter the amount!
Nevertheless, for the first-timers, here are the steps:
Step #1. Navigate to Payments & Taxes
From the main dashboard, select "Bank Details" under the "Payments & Taxes" section. Click on the "Complete your KYC" button to proceed with the KYC process and fill in your bank details, which is mandatory for receiving settlements.
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Step #2. Click the Settle Amount Button
After completing KYC and reviewing bank account details, go to the Settlements menu item. Click on the "Settle Amount" button to process the settlement.
Step #3. Enter Settlement Amount and Review
In the modal, enter the amount to be settled, review the bank account details and submit.
That’s all - your manual settlement will be processed and the funds will be settled to your connected bank account. You can review the manual settlement entry in the Settlements Table on the same page.
As you can see, on-demand settlements are an extremely easy and super convenient feature for you to use!
Try On-demand Settlements Today
Take control of your event finances with on-demand settlements on KonfHub. With instant access to funds and transparent processing, KonfHub certainly makes your life easier as an event organiser.
Try it today on KonfHub !