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Maximum Payment Amount

I’ve got offer from 2CO to collect votes for new feature.

The Feature request is to extend Payment Profile with “Maximum Payment Amount” that will complement “Release Level” in the way that even if balance contain for some reason more then the maximum, only maximum is released, the leftover stays on balance and will meet next week release criteria of active Payment Profile.

These will be useful if:

  • you are trying out new Payment Profile but do not want to release all balance to new destination
  • you are having several profiles and need only small portion of weekly balance on one of profiles
  • intermediatery banks charge much more if wire exceeds specific amount, it would be nothing wrong if part of balance will be left for another week

Give your “Thumb up” for this post, please, or drop your “+1″ comment below, with your own applications of the feature.

Payment Profiles

With Introduction of Payment Profiles, we’d like to get ability to use several of them within the same payment cycle (or better to say “with independent payment cycles”).

In earlier times Release Level was the only thing we could control. Now we have Payment Profiles. However manual switching is also necessary and still no control over exact payment amount.

Example scenario would be:
1) Profile1 should get payment once a {time-period-1} with {amount-1} payment
2) Everything else should go to Profile2 (where regular release level applies)

i.e you’d need following rules to be available:
1) Priority controls
2) Period control (specific or as-soon-as)
3) Amount control

In scenario above incoming sales would deposit in Profile1 safe until it either is full ({amount-1} is reached) or release time comes. If Profile1 safe is full, sales should start to fill safe of Profile2, until release level is met. If Profile1 safe is paid, it is pre-filled with funds from Profile2 safe (as Profile1 has bigger priority then Profile2).

Does anybody have 3 Profiles? What scenarios would work for you then?

P.S. I do not ask for payments at daily granularity, weekly is fine, i.e. ability to do payment once per 4 weeks with exact predefined amount would be great.

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