Overview
This tutorial guides you through adding a new counterparty when creating a payout in the Swft dashboard. A counterparty is the person or business receiving the payment. You’ll learn how to add their details, choose the correct payment method, and save them for future use.
Steps:
1. Log in to your Swft Dashboard
From the Management tab → click on Counter Party
2. Creating a New Counterparty
2.1 Click Create Counterparty.
2.2 Fill in the required fields:
Basic information (name, category, contact details)
Bank accounts (add one or more)
Additional notes
Attachments (optional documents)
Click Submit.
3. Send for Approval
After you submit, the counterparty automatically appears in the Inactive section with the status Created.
This means:
It is considered a draft.
It is not ready for approval yet.
It is not available for payouts.
Actions Required
Submit for Approval
Once all required fields are complete, you move to the next step.
Submitting for Approval
When you click Submit for Approval, the counterparty moves from:
Inactive (Created) → Needs Approval
In the Needs Approval section:
The counterparty is waiting for the checker’s review.
You (the maker) can still withdraw the submission if you want to make changes.
Checker Review
The checker reviews the counterparty information and chooses one of two actions:
1. If Approved
The counterparty moves to the Active section.
It can now be used for payouts and visible in all active lists.
2. If Rejected
The counterparty moves back to the Inactive section with the status Rejected.
It cannot be used until edited and resubmitted.