Create Your Payout Account

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What does a payout account contain

How to create a payout account

Payout account Settings

A payout account is a designated bank account where funds are transferred from Hubject to you, the CPO or your sub-CPOs bank accounts. It is used to receive earnings from the EMPs base on the charging sessions transactions.

Hubject will use the payout accounts to distribute earnings efficiently. These accounts should be linked to an IBAN and currency. They are essential for ensuring timely and accurate financial transactions.

The payout accounts are also associated with the EVSEIDs (Charging Stations ID) and on a later step will be necessary to link the charging stations included in your EVSEData to the payout accounts. This will let us know where to transfer the earnings when a CDR is received.

The following scenarios illustrate how to use the two types of payout accounts:

Managing three public charging stations located in Electric Str.
(Own Payout Account)

The CPO SuperCharging has installed three public charging stations on Electric Str., and EV drivers from an EMP subscribed to the offer on the HBS platform have begun using them.

The charging stations will generate the CDRs and transfer them to the CPO backend. The CPO will then forward the CDRs to the HBS platform, where they will be rated based on the prices specified in the NGP offer.

After the CDRs are rated, the Financial Service tool will generate an invoice and send it to the EMP. The invoice will include the CDRs generated on the last month. The EMP will then proceed to make the payment requested on the invoice to Hubject.

Hubject will verify the payout account associated with the EVSEs (charging stations) listed in the CDRs and transfer the earnings accordingly. Since the charging stations are owned by the CPO itself, Hubject will transfer the earnings to the IBAN account specified in the CPO's own payout account.

Managing charging stations from PRYCA supermarket chain
(External Payout Account)

Let's consider that CPO SuperCharging is overseeing the charging stations situated in the parking facilities of a supermarket chain named PRYCA. While the charging stations are owned by PRYCA, they are managed by CPO SuperCharging on behalf of the supermarket chain.

Since the charging stations are utilizing SuperCharging's backend, the CDRs will be sent to it following a successful charging session. The CPO will subsequently transmit these CDRs to the HBS platform, where they will undergo rating based on the prices outlined in the NGP offer applicable to these charging stations.

After the CDRs are rated, the Financial Service tool will generate an invoice and send it to the EMP. The invoice will include the CDRs generated on the last month. The EMP will then proceed to make the payment requested on the invoice to Hubject.

Hubject will confirm the payout account linked to the EVSEs (charging stations) listed in the CDRs and transfer the earnings accordingly. As the charging stations are owned by PRYCA supermarket, Hubject will transfer the earnings to the IBAN specified in PRYCA's external payout account.

Here’s what the payout account section contains:

• Payout account name: it is where you specify the recognizable name or identifier for the account to which funds will be transferred. It should accurately reflect the organisation associated with the account. This name will be used for internal reference purposes and may appear on transaction records.
  
  *Please ensure the name provided matches the official name registered with financial institutions to facilitate smooth processing of payouts transactions.
  
  

• VAT ID: this field is used to enter the unique identification number assigned to a business for tax purposes within the European Union.

• Company email: this field is used to enter the official email address associated with the payout account owner or the company managing the account. This email will be used for communication purposes.

• Billing contact: the contact details of the individual responsible for managing the payments.

• Contact Person
• Address (including street, city, state, and postcode)
• Phone number
• Email address

• Billing address: is the address associated with the payout account, used for verifying the partner identity and processing the transaction.

• Street and country
• City
• Postcode
• Country.

• Bank account owner: this field is where you enter the name of the individual or invoice organisation that owns the bank account associated with the payout account. This should accurately reflect the legal invoice organisation or person who has ownership and control over the bank account used for receiving payments.
  
  It is important to ensure that the name entered matches the official records held by the bank to prevent processing delays or issues with financial transactions.

• Currency: this field is used to specify the currency denomination associated with the bank account used for receiving payments. This selection determines the currency in which funds will be deposited into the account.

• IBAN: the IBAN (International Bank Account Number) field is where you enter the unique identifier assigned to the bank account used for receiving payments.

• BIC: the BIC (Bank Identifier Code), also known as SWIFT BIC or SWIFT code, is a unique identification code used to identify a specific bank during international transactions. This field is where you enter the BIC of the bank associated with the IBAN provided in the payout account details.

How to create a payout account

1. Log in into HBS and click on Financial Services.
2. Navigate to Settings section and click on the tab Payout accounts
3. Click the "+ Add payout account" button. If it's your first time, the system will prompt you to create your initial own payout account.
4. Enter the required information in the following sections:

• General details
• Billing contact
• Billing address
• Bank account

Click on “Create payout” button.

How to edit a payout account

1. Log in into HBS and click on Financial Services.
2. Navigate to Settings section and click on the tab Payout accounts
3. Click on the table row of the payout account that needs to be edited.
4. On the detail view, click on “Edit” button.
5. Update the necessary form fields
6. Click on “Update details” button.

How to deactivate a payout account

1. Log in into HBS and click on Financial Services.
2. Navigate to Settings section and click on the tab Payout Accounts.
3. Place the mouse over on the table row of the payout account that needs to be deleted.
4. Click on “Delete” action button.
5. Please verify the deletion within the dialogue box.