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How to Calculate the Total Amount to Deposit in Your PaidHR Wallet

Find out how much to deposit in your PaidHR wallet after creating your payment schedule.

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Written by Support
Updated over 3 weeks ago

1. On the “Menu,” scroll down to “Compensation.”

2. Click on “Pay Schedules” and select the arrow to reveal the options.

3. Choose “Regular” or “Custom,” depending on where the pay schedule you want to process is.

4. Then, click on the three dots in front of the specific schedule you want to edit and click on “View Payments.”

5. Be sure to include any tax, pension, and any other payment you will be making on that schedule.

6. Under “Payout”, click on the tiny box next to “Beneficiary” to select all payments under the schedule. Remember to uncheck boxes if you want to batch the payments. Check here for how to batch payments.

7. After that click on “Process selected payment”, you will see a payment summary page that contains your wallet balance, the charge on your transaction and the total amount you’re paying on the selected schedule.

NOTE: There's a wallet deposit fee of NGN 1,000 on every transaction deposited into your PaidHR wallet. You will also need to add this to the total amount that is going to be deposited into your wallet.

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