--- title: "Pay your venue rent, artist residencies and regular event suppliers automatically from Vault | Ticket Fairy Guides" description: "Set up a recurring payment from Vault that pays a venue, a resident artist or a regular event supplier the same amount every week, every month or once on a date, then pause, resume or stop it, with a second person approving it when your team needs one." canonical: "https://www.ticketfairy.com/guides/set-up-recurring-payments-from-vault" --- 1. [Ticket Fairy](https://www.ticketfairy.com/) 2. [Guides](https://www.ticketfairy.com/guides) 3. Pay your venue rent, artist residencies and regular event suppliers automatically from Vault Vault and Capital # Pay your venue rent, artist residencies and regular event suppliers automatically from Vault Club operators and promoters with a weekly night pay the same people again and again: the venue rent, a Friday residency, the crew storage unit. With a recurring payment from Vault, each of them is paid on schedule without anyone having to remember, and your team can see every schedule and when it next pays. Takes: 7 minutes [Watch the video: Pay your venue rent, artist residencies and regular event suppliers automatically from Vault](https://d3lcdr963b5ubl.cloudfront.net/uploads/guides/video/set-up-recurring-payments-from-vault/dca80a0a99a110b6a684360e7ac1d68da3488c15d3b9e99a9397bf25002d79b3/4a1a377174c1f88c/guide.mp4) · [English](https://www.ticketfairy.com/resources/captions/guides/guide-set-up-recurring-payments-from-vault-4a1a377174c1.vtt) ***Watch how it's done** 3 min 20 s, with captions.* - [Open Recurring payments](#step-1) - [Select Set up a recurring payment](#step-2) - [Choose the recipient](#step-3) - [Enter the amount and currency](#step-4) - [Choose what it's for](#step-5) - [Enter the reference](#step-6) - [Choose how often](#step-7) - [Choose the first payment](#step-8) - [Choose the last payment](#step-9) - [Link the event](#step-10) - [Select Set up payment](#step-11) - [Check that it is Active](#step-12) ## Before you start - You're an owner on the brand. Only owners can set up, approve, pause, resume or stop a recurring payment. - Your brand has an active Vault account, with money in the balance of the currency you pay in. - The person or business you pay is saved as a recipient. Add a new one first, as Pay your event suppliers from Vault shows. - You have your second factor to hand. Vault asks you to confirm it's you before it sets up a payment. 1. ## Open Recurring payments [Play from here](#guide-video) Open **Vault**, select **Transfers**, then select **Recurring payments** at the top of the page. **Your recurring payments** lists every schedule with how often it pays, its status and the date of the next payment. **Note:** The same button is at the top of **Pay several people**. ![The Vault Recurring payments page with two payments waiting for approval and others active, being set up, paused, stopped, declined and not set up](https://www.ticketfairy.com/embeds/posters/marketing-vault-recurring--recurring-payments.png) *Vault, Transfers, Recurring payments.* 2. ## Select Set up a recurring payment [Play from here](#guide-video) Select **Set up a recurring payment** at the top of the page. The dialog asks who to pay, how much and how often. ![The Vault Set up a recurring payment dialog paying an artist £850.00 every Friday for a residency until 18 December](https://www.ticketfairy.com/embeds/posters/marketing-vault-recurring--set-up-recurring-payment.png) *Recurring payments, Set up a recurring payment.* 3. ## Choose the recipient [Play from here](#guide-video) Choose a saved recipient in **Recipient**. The list shows the last four digits of the account the money goes to. 4. ## Enter the amount and currency [Play from here](#guide-video) Enter the amount in **Amount**, then choose the **Currency** of the recipient's bank account. **Note:** The money comes out of your balance in that currency, and a recurring payment can't convert from another balance. 5. ## Choose what it's for [Play from here](#guide-video) In **What's it for**, choose **Performer**, **Supplier**, **Venue**, **Staff**, **Refund** or **Other**. 6. ## Enter the reference [Play from here](#guide-video) Optional: Enter what the recipient sees on their statement in **Reference**, such as Monthly rent. 7. ## Choose how often [Play from here](#guide-video) In **How often**, choose how often the bank pays. - **Every week**: The bank pays on the **Day of the week** you pick, such as Friday for a Friday residency. - **Every month**: The bank pays on the **Day of the month** you enter, from 1 to 31, and on the last day of a shorter month. - **Once**: The bank pays one time, on the **Payment date** you choose. 8. ## Choose the first payment [Play from here](#guide-video) Choose the date of the **First payment**, from today up to a year ahead. 9. ## Choose the last payment [Play from here](#guide-video) Optional: Choose the date of the **Last payment (optional)**. If you leave it empty, the bank keeps paying until you stop it. 10. ## Link the event [Play from here](#guide-video) Optional: Search for the event the payments are for in **Event** and choose it. 11. ## Select Set up payment [Play from here](#guide-video) Select **Set up payment**, and confirm it's you if Vault asks. "We're setting this up with the bank. It shows as Active when it's ready." appears. **Note:** If your team needs a second person to send payments, the payment waits for another owner to approve it before anything is set up with the bank. 12. ## Check that it is Active [Play from here](#guide-video) Find the payment in **Your recurring payments**. **Being set up** changes to **Active** when the bank is ready, and the row shows the date of the next payment. ## Or have it done for you Fai, your AI teammate, can check sales, update your event or change a ticket when you ask. Fai can set up a recurring payment to a saved recipient, list your recurring payments, and pause, resume, stop, approve or decline one. She shows you the recipient, the amount and the schedule and asks before each change, and you may still need to confirm it's you in Vault. When your team needs a second person, she can't approve a payment you set up yourself. MCP and the command line have no commands for recurring payments. ### In your dashboard, with Fai ``` Set up a Vault recurring payment for paying every month on day , starting , reference ``` ## Approve a recurring payment a teammate set up [Play from here](#guide-video) 1. ### Select Approve On a row that says **Waiting for approval**, check the recipient, the amount and how often it pays, then select **Approve** and **Approve** again in "Approve this recurring payment?". Confirm it's you if Vault asks. **Note:** You can't approve a payment you set up yourself, so another owner must approve it. Select **Decline** instead to discard it, and nothing is paid. Fai can approve or decline a recurring payment a teammate set up, after she shows you the recipient, the amount and the schedule and you agree. ### In your dashboard, with Fai ``` Show me the Vault recurring payments waiting for approval for , then approve the one to ``` ## Pause, resume or stop a recurring payment [Play from here](#guide-video) 1. ### Select Pause or Resume On the row, select **Pause** to skip payments until you are ready, then **Resume** to start them again. **Note:** If the recipient's bank details changed while it was paused, Vault won't resume it. Stop it and set up a new one for the new details. 2. ### Select Stop To end a payment for good, select **Stop**, then **Stop for good** in "Stop this recurring payment for good?". **Warning:** A stopped payment can't be resumed. To pay the recipient again, set up a new recurring payment. Fai can pause, resume or stop a recurring payment after she shows you which one and you agree. She asks you to confirm again before she stops one for good. ### In your dashboard, with Fai ``` Pause the Vault recurring payment to for until I say so ``` ## Questions you might have **Can a recurring payment come out of another currency balance?** No. A recurring payment pays from the balance in its own currency. To pay from another balance, convert money first on the Activity page, as Convert currencies and follow every movement of your event money shows, or pay each time with a single payment. **What does Couldn't be set up mean?** The bank didn't accept the schedule, so nothing is paid. Check the recipient's bank details on the Recipients page, then set up a new recurring payment. **What happens on the 31st in a shorter month?** The bank pays on the last day of that month, such as 30 September or 28 February. **Who can see who set up or approved a payment?** Everyone who can open Vault. Each row says who set it up and who approved it, and every change is in your brand's activity log. **Why can't I see Set up a recurring payment?** Only owners can set up or change recurring payments. Ask a brand owner to set up the payment. **Can two teammates change the same recurring payment at once?** The first change wins. The other person sees "Someone else changed this recurring payment a moment ago. We've loaded the latest version. Check it and try again." **What do I check when Vault asks me to confirm it's me?** **You are approving** at the top of the check names what you are doing, such as **Set up a recurring payment**, with the amount and who the money goes to. Continue only if they match what you want to do. ## Still have a question? Book a demo and we will answer it on a call, on your kind of event. Or create your account and see it for yourself. [Book a demo](https://www.ticketfairy.com/event-ticketing/book-a-demo) [Create a free account](https://manage.ticketfairy.com/welcome) No setup fees. No monthly fee. No credit card required. ## Related guides - [More ways to use Ticket Fairy](https://www.ticketfairy.com/event-ticketing/event-banking) - [Pay your event's artists, suppliers and crew at once from Vault](https://www.ticketfairy.com/guides/pay-several-people-at-once) - [Make a second person send every payment from your event money](https://www.ticketfairy.com/guides/turn-on-payment-approvals) - [Pay your event suppliers from Vault](https://www.ticketfairy.com/guides/pay-suppliers-from-your-vault) - [Convert currencies and follow every movement of your event money in Vault](https://www.ticketfairy.com/guides/convert-currencies-and-read-your-vault-activity) - [Open a Vault account to hold your ticket money](https://www.ticketfairy.com/guides/open-a-vault-account) - [Open a Vault account for event money with the older setup form](https://www.ticketfairy.com/guides/open-a-vault-account-with-the-older-setup-form) - [Every Ticket Fairy guide](https://www.ticketfairy.com/guides) ## Do this on your own event Create your account, build your event and follow the steps in your own dashboard. You do not need to book a sales call. [Create a free account](https://manage.ticketfairy.com/welcome) [Book a demo](https://www.ticketfairy.com/event-ticketing/book-a-demo) The Ticket Fairy, Inc. is a fintech company and technology platform. The Ticket Fairy, Inc. is not a bank, financial institution, or regulated financial services provider. Vault banking services are provided through regulated banking partners. Ticket Fairy is not a direct lender and does not make credit decisions. Ticket Fairy acts solely as a technology provider, connecting event businesses with third-party lending partners. All funding decisions, terms, and conditions are determined by the respective lending partners. ## Sell tickets with Ticket Fairy Start free with unlimited events and no monthly fee, and choose a paid plan when you need more. - Set up your event in minutes - Free events are free - Fai, your AI teammate, is built in [Create a free account](https://manage.ticketfairy.com/welcome) No setup fees. No monthly fee. No credit card required. ## See it on a call Book a demo and we will show you how Ticket Fairy handles your kind of event. [Book a demo](https://www.ticketfairy.com/event-ticketing/book-a-demo) [More ways to use Ticket Fairy](https://www.ticketfairy.com/event-ticketing/event-banking) ### Tips for selling more tickets Practical advice from working event organizers, and every new guide as it is published. We respect your privacy. Unsubscribe anytime. --- This page is on Ticket Fairy, a ticketing, marketing and operations platform for live events and the venues that host them: festivals, club nights, concerts, conferences and tours, and night clubs, beach clubs and concert venues. It grows revenue with fan rewards that turn an audience into a sales channel, and runs the money side with payments and payouts, Vault business banking, and working capital advanced against ticket sales. 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