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Product overview

Introduction​

The Payout API is a global payment solution that enables fund disbursements through a diverse range of payout methods including cards and bank accounts.

With the Payout API, you can:

  • Grow your addressable market by quickly expanding your global payment coverage through a single API integration
  • Accelerate product innovation and increase speed-to-market with instant, on demand payouts to cards, accounts and wallets
  • Scale your payments as you grow your business and embed, and automate, global payouts into your workflows to scale effectively as volume grows 
  • Reduce payment processing costs and pass on low fees and favorable FX rates to your clients to gain a competitive advantage
  • Reduce your operational costs and decrease the time and resources spent on complex integrations and manual payout processes

The Payout API enables you to: 

  • Boost the reach of your global and domestic payouts to over 168+ countries in 48+ currencies
  • Expand the types of payout methods you provide to cards, accounts, and wallets through a single API integration
  • Integrate Paysend Enterprise with your legacy and existing infrastructure to create a seamless payout experience
  • Track and monitor your global payouts in one place
  • Generate reports and derive insights in just a few clicks
  • Receive statements on daily reconciliation reporting and other payment reports 

Paysend Enterprise supports multiple types of sender and recipient use cases which include B2B, B2C, B2B2C and many more scenarios.

How it works​

The Payout API provides access to the Paysend payments network through an API integration. It provides your business with the ability to make outbound payouts across a number of payment schemes via the API. 

For a successful payment to be made, your business provides the payment instruction (including the payment details and beneficiary details) to Paysend via API. Paysend processes the payment instruction and disburses the funds to the recipient using payment schemes and local banking partners. The payment status is updated in real time in the Enterprise dashboard so that you have confidence that payments have been sent.  

Our API reference helps you to explore our API and get started with the technical integration. 

Use cases​

The Payout API product is designed to help businesses expand their global coverage, launch new products, target new users and customers and reduce their operational costs. The payments landscape is rapidly evolving and the Payout API enables you to stay ahead of the curve with global payouts to cards, accounts and wallets. 

The global payments provided by the Payout API solves a number of sector and industry problems. Below are some of the use cases and problems which the Payout API can solve: 

  • Money transfer - embed global payouts into your existing customer experience to provide new global payout options to your customers

  • HR & payroll - pay employees, freelancers and contractors instantly around the world and payout to their preferred local payment method whether it’s cards, accounts or wallets

  • Marketplaces and platforms - connect buyers and sellers on marketplaces and disburse funds to users, on demand, around the world to pay them as soon as a service has been provided

  • Pension claims - integrate payouts into your workflow to make instant pension payouts to your customers’ preferred payment method across the world

  • Insurance payouts - embed claims payouts within your existing claims workflow and payout to your policy holders using multiple payout options

  • Vendor management and accounts payable - do business globally and make fast, secure payouts in any currency