{"id":14113,"date":"2022-12-27T12:26:00","date_gmt":"2022-12-27T06:56:00","guid":{"rendered":"https:\/\/blogrevamp.cashfree.com\/?p=14113"},"modified":"2023-01-17T17:15:22","modified_gmt":"2023-01-17T11:45:22","slug":"why-choose-cashfrees-payouts-over-direct-integration-with-banks","status":"publish","type":"post","link":"https:\/\/blogrevamp.cashfree.com\/why-choose-cashfrees-payouts-over-direct-integration-with-banks\/","title":{"rendered":"<strong>Why Choose Cashfree\u2019s Payouts over Direct Integration with Banks<\/strong>"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a8ec4ffee939\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #364250;color:#364250\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #364250;color:#364250\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a8ec4ffee939\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/blogrevamp.cashfree.com\/why-choose-cashfrees-payouts-over-direct-integration-with-banks\/#Direct_Integration_with_Banks_%E2%80%93_Problems_faced_by_Business_Merchants\" >Direct Integration with Banks &#8211; Problems faced by Business Merchants<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/blogrevamp.cashfree.com\/why-choose-cashfrees-payouts-over-direct-integration-with-banks\/#Why_Payouts_by_Cashfree_Payments\" >Why Payouts by Cashfree Payments?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/blogrevamp.cashfree.com\/why-choose-cashfrees-payouts-over-direct-integration-with-banks\/#Benefits_of_Cashfrees_Connected_Payouts_APIs\" >Benefits of Cashfree\u2019s Connected Payouts APIs<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/blogrevamp.cashfree.com\/why-choose-cashfrees-payouts-over-direct-integration-with-banks\/#1_One_Integration_to_Rule_Them_All\" >1. One Integration to Rule Them All<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/blogrevamp.cashfree.com\/why-choose-cashfrees-payouts-over-direct-integration-with-banks\/#2_Saves_up_to_360_Man-Hours\" >2. Saves up to 360 Man-Hours<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/blogrevamp.cashfree.com\/why-choose-cashfrees-payouts-over-direct-integration-with-banks\/#3_Huge_Cost-Saver\" >3. Huge Cost-Saver<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/blogrevamp.cashfree.com\/why-choose-cashfrees-payouts-over-direct-integration-with-banks\/#4_Be_Future-Ready\" >4. Be Future-Ready<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/blogrevamp.cashfree.com\/why-choose-cashfrees-payouts-over-direct-integration-with-banks\/#5_Automated_Reconciliation\" >5. Automated Reconciliation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/blogrevamp.cashfree.com\/why-choose-cashfrees-payouts-over-direct-integration-with-banks\/#6_Efficient_Fund_Management\" >6. Efficient Fund Management<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/blogrevamp.cashfree.com\/why-choose-cashfrees-payouts-over-direct-integration-with-banks\/#7_Support_thats_Hassle-Free\" >7. Support that&#8217;s Hassle-Free<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/blogrevamp.cashfree.com\/why-choose-cashfrees-payouts-over-direct-integration-with-banks\/#8_Industrys_First_Bank_Downtime_Detector\" >8. Industry\u2019s First Bank Downtime Detector<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/blogrevamp.cashfree.com\/why-choose-cashfrees-payouts-over-direct-integration-with-banks\/#9_We_Help_You_Manage_the_Banks_TPS_Expectations\" >9. We Help You Manage the Bank&#8217;s TPS Expectations<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/blogrevamp.cashfree.com\/why-choose-cashfrees-payouts-over-direct-integration-with-banks\/#10_Trust_and_Security\" >10. Trust and Security<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/blogrevamp.cashfree.com\/why-choose-cashfrees-payouts-over-direct-integration-with-banks\/#Summing_it_up\" >Summing it up:<\/a><\/li><\/ul><\/nav><\/div>\n\n<p class=\"wp-block-paragraph\">As most businesses ranging from <a href=\"https:\/\/www.cashfree.com\/blog\/payment-systems-for-ecommerce\/\" target=\"_blank\" rel=\"noreferrer noopener\">eCommerce<\/a> to online gaming, rental businesses, and corporates, enter the internet, they seek a <strong>robust payment infrastructure<\/strong> to <strong>support<\/strong> <strong>large-scale transactions<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Businesses have to make <a href=\"https:\/\/www.cashfree.com\/blog\/bulk-payment\/\" target=\"_blank\" rel=\"noreferrer noopener\">bulk outgoing payments<\/a> on a regular basis to pay their <strong>customers<\/strong>, <strong>employees<\/strong>, <strong>vendors<\/strong> and <strong>suppliers<\/strong>. Businesses have been integrating with banks for bulk payouts for a long time.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, traditional banking solutions have tedious and time-taking processes. They may also have transaction failures and there is a lot of complexity around the reconciliation of refunds.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Unsurprisingly, they look for systems that work even during non-banking hours without delay and interruptions.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.cashfree.com\/payouts\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Cashfree&#8217;s Payouts<\/strong><\/a> is an end-to-end solution for such businesses where they can make bulk disbursals.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/www.cashfree.com\/payouts\/?utm_source=blog&amp;utm_medium=organic&amp;utm_campaign=why_choose_cashfrees_payouts_over_direct_integration_with_banks\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/N8kofylDMn7IlE8yEdYA_D8uI4TWQyr29YTlXf-izo1cI_4kvyHa0OX7oDFXkKt-sEpC7FuyZyZx8AorStx4aAJaTzlhXzPuHGS21jjooPecRECQo86-aZ-_UltdQYm-0TURW4dI_Gp4GeuX1WNVo7sKwQZlmy7dvyifDIRupSWihtIfJq3Qyqv8w4dTWw\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">But, how can businesses be assured that <a href=\"https:\/\/www.cashfree.com\/blog\/what-are-payouts\/\" target=\"_blank\" rel=\"noreferrer noopener\">Cashfree Payments\u2019s Connected Payout APIs<\/a> are a smarter alternative than direct integration with banks?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Hence, here we bring a detailed analysis of how Payouts draw several benefits over direct bank integration to help businesses scale up.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-direct-integration-with-banks-problems-faced-by-business-merchants\"><span class=\"ez-toc-section\" id=\"Direct_Integration_with_Banks_%E2%80%93_Problems_faced_by_Business_Merchants\"><\/span><strong>Direct Integration with Banks &#8211; Problems faced by Business Merchants<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">For integrating with banks, you usually have to pay a <strong>physical visit to the bank<\/strong>. It also requires filling up forms and a lot of <strong>offline processes<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Once done, it does not end here, you have to do manual uploading of excel sheets in a predefined format for making disbursals. This makes it prone to errors and time-consuming.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Moreover, bank servers can <strong>process a certain number of transactions per second (TPS)<\/strong>.&nbsp; Hence, all transactions over the set limit will automatically fail.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You can make bulk transfers only to a beneficiary bank account and the banks take around 24 hours to approve the beneficiaries. There are <strong>no instant modes of transfer<\/strong> and fund transfers can be only through RTGS, NEFT, demand draft or cheque outsourcing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bulk transfers can be made only to a beneficiary bank account. It includes fund transfers (that is within the Bank\u2019s Branch Network), RTGS, NEFT, and DD\/ Cheque outsourcing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">So, businesses were looking forward to resolving all these disbursal problems and Cashfree&#8217;s Payouts cracked the code.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-why-payouts-by-cashfree-payments\"><span class=\"ez-toc-section\" id=\"Why_Payouts_by_Cashfree_Payments\"><\/span><strong>Why Payouts by Cashfree Payments?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Unlike the tiresome process of integrating with corporate banks, integrating with Cashfree Payments is much easier and time-saving. Cashfree\u2019s Payouts has <strong>100% online onboarding<\/strong> with a <strong>paperless KYC<\/strong> where you can make the first transaction almost immediately.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/glts-BbrhHKt0X7DxHYdFY4sXW8JTit93CEBJSSBunZ63dM5wJIadD2oU9Y5CH-uije31-lhwDOpVkTPhdBMyPu8KKjXlc5CHkWSxi8-0HgG2kg2Fk_h1IMBcF7IiRhG0tJZl0nVimKngg-NC7e7y8hF2u48adWoK4GhfIQcysirvn17uVa-9V27SAu7bg\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">All modes of payments are available where you can make <strong>instant payments<\/strong>, even on bank holidays. There is instant activation of beneficiaries without any cooling period. <strong>You can easily add up to 10,000 beneficiaries in a click<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here\u2019s a comparative table of corporate banking solutions vs Cashfree Payments\u2019s Connected Payouts-<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img data-recalc-dims=\"1\" fetchpriority=\"high\" decoding=\"async\" width=\"595\" height=\"1024\" data-attachment-id=\"14309\" data-permalink=\"https:\/\/blogrevamp.cashfree.com\/why-choose-cashfrees-payouts-over-direct-integration-with-banks\/comparision-table-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2022\/12\/Comparision-Table-2.jpg?fit=1200%2C2065&amp;ssl=1\" data-orig-size=\"1200,2065\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Comparision-Table\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2022\/12\/Comparision-Table-2.jpg?fit=595%2C1024&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2022\/12\/Comparision-Table-2.jpg?resize=595%2C1024&#038;ssl=1\" alt=\"Cashfree's Payouts vs Direct Integration with Bank\" class=\"wp-image-14309\" srcset=\"https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2022\/12\/Comparision-Table-2.jpg?resize=595%2C1024&amp;ssl=1 595w, https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2022\/12\/Comparision-Table-2.jpg?resize=174%2C300&amp;ssl=1 174w, https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2022\/12\/Comparision-Table-2.jpg?resize=768%2C1322&amp;ssl=1 768w, https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2022\/12\/Comparision-Table-2.jpg?resize=893%2C1536&amp;ssl=1 893w, https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2022\/12\/Comparision-Table-2.jpg?resize=1190%2C2048&amp;ssl=1 1190w, https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2022\/12\/Comparision-Table-2.jpg?w=1200&amp;ssl=1 1200w\" sizes=\"(max-width: 595px) 100vw, 595px\" \/><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\" id=\"h-benefits-of-cashfree-s-connected-payouts-apis\"><span class=\"ez-toc-section\" id=\"Benefits_of_Cashfrees_Connected_Payouts_APIs\"><\/span><strong>Benefits of Cashfree\u2019s Connected Payouts<\/strong> APIs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Cashfree Payments\u2019s Connected Payouts APIs provide a <strong>wide array of payment modes <\/strong>along with<strong> <\/strong>the best turnaround time (TAT) as well as high transaction rates. Businesses can track the payment status in real time. Additionally, Cashfree&#8217;s Payouts gives you several benefits-<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_One_Integration_to_Rule_Them_All\"><\/span>1. <strong>One Integration to Rule Them All<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">There is no need to do multiple integrations for multiple banks. <strong>Integrate ONLY ONCE<\/strong> with Cashfree Payments to get connected to ALL our banks \u2013 Yes, ICICI, Kotak, IndusInd, Axis &amp; RBL!<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Smart routing among <strong>multiple banks<\/strong> guarantees <strong>higher uptime<\/strong> &amp; <strong>success rate<\/strong> for <strong>bulk disbursals<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Additionally, Cashfree&#8217;s Connected Payouts is <strong>developer-friendly <\/strong>and <strong>easy to integrate API<\/strong>. You can go live within minutes with easy-to-integrate <strong>REST APIs<\/strong>.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_Saves_up_to_360_Man-Hours\"><\/span>2. <strong>Saves up to 360 Man-Hours<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Within <strong>three weeks<\/strong>, Cashfree Payments can <strong>complete integration projects<\/strong> for you. A direct bank integration, however, would cost you three months!<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You can easily <strong>Sign Up on Cashfree Payments<\/strong> and initiate their Payouts Account Activation through the merchant dashboard.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u200b\u200bOnce it is activated, <strong>link your bank account(s)<\/strong> with your <strong>Payouts Account<\/strong> and add your beneficiaries using our Dashboard or APIs. Cashfree&#8217;s Payouts allows you to instantly validate the account details.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You can start making <a href=\"https:\/\/blogrevamp.cashfree.com\/bulk-payment\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>bulk payouts to your beneficiaries<\/strong><\/a> through <strong>any payment mode<\/strong> and <strong>get notified<\/strong> by email or via webhooks. You can automate reconciliation and also use your merchant dashboard to view detailed reports.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_Huge_Cost-Saver\"><\/span>3. <strong>Huge Cost-Saver<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">We have a lower one-time integration fee than banks. With <strong>Cashfree Payments<\/strong>, all your subsequent integrations are <strong>FREE<\/strong>, whereas direct bank integrations will cost you a fee.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Choose us for near-zero maintenance!<\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_Be_Future-Ready\"><\/span>4. <strong>Be Future-Ready<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Your one-time integration with Cashfree&#8217;s Payouts will work for all our future banks \u2013 SCB, HDFC, etc. Switch banks easily with just a parameter change.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_Automated_Reconciliation\"><\/span>5. <strong>Automated Reconciliation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Cashfree Payments ensures near <strong>100% reconciliation<\/strong> in 5 minutes. Be it <strong>transfers<\/strong>, <strong>failures<\/strong>, <strong>reversals<\/strong> or <strong>reconciliations<\/strong>, you can automate reconciliation across multiple transfer modes, destination banks and reporting formats.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"6_Efficient_Fund_Management\"><\/span>6. <strong>Efficient Fund Management<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Cashfree <strong>routes and splits the transfers between multiple banks<\/strong>. Therefore, we ensure a higher success rate by <strong>avoiding insufficient funds<\/strong> or in events of downtimes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">There is <strong>no dependency on one bank<\/strong> and even if the server of a bank is down, transfers will be automated through the other banks. You can add beneficiaries and do up to 10,000 bulk payouts in one go with a simple excel file upload.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"7_Support_thats_Hassle-Free\"><\/span>7. <strong>Support that&#8217;s Hassle-Free<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Businesses would rather spend time bringing new customers than worrying about payouts and reconciliations in case of failures. With Payouts, you can focus on running your business while <strong>we take care of all your API contract changes at the bank<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2018Payouts\u2019 ensures that you stay informed about your business finances and hence, you can <strong>generate custom reports<\/strong>. You can gain insights about transfers, reversed transfers, statements, etc.&nbsp;<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"8_Industrys_First_Bank_Downtime_Detector\"><\/span>8. <strong>Industry\u2019s First Bank Downtime Detector<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">With our <strong>real-time bank downtime tracker<\/strong>, we will let you keep track of any and every unscheduled\/scheduled bank downtime to help you plan your bulk transfers better. We believe in transparency and so, will help you take care of all beneficiary bank downtimes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Moreover, Payouts allow you to <strong>track the transfer status in real-time<\/strong> and know the <strong>exact reason for failure<\/strong>.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"9_We_Help_You_Manage_the_Banks_TPS_Expectations\"><\/span>9. <strong>We Help You Manage the Bank&#8217;s TPS Expectations<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">A merchant&#8217;s TPS depends on which bank you integrate with for connected banking and direct payouts. As we connect the business merchants to multiple banks, hence, you are not dependent on one bank for disbursals.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You can send instant <a href=\"https:\/\/www.cashfree.com\/blog\/vendor-payment\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>vendor payments<\/strong><\/a>, <strong>employee wages<\/strong>, <strong>partner commissions<\/strong>, and other such payouts.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"10_Trust_and_Security\"><\/span>10. <strong>Trust and Security<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Cashfree&#8217;s Payouts do <strong>fraud detection<\/strong> along with <strong>multiple security checks<\/strong> in place at API and dashboard levels to help reduce risky transactions. Transfers to incorrect account details fail instantly. For certain banks, it may take up to 24 hours to receive a confirmation of failure.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To ensure that account details are correct, you can activate <a href=\"https:\/\/www.cashfree.com\/bank-account-verification\/\" target=\"_blank\" rel=\"noreferrer noopener\">Cashfree Bank Account Verification<\/a> and verify the beneficiary account validity and beneficiary name at the bank.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-summing-it-up\"><span class=\"ez-toc-section\" id=\"Summing_it_up\"><\/span><strong>Summing it up:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">These are just some of the reasons why <a href=\"https:\/\/www.cashfree.com\/blog\/cashfree-leads-payouts-market-share\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Cashfree Payments<\/strong> leads the market with over <strong>50% market share<\/strong> in the Payouts industry<\/a>. In fact, it processes 1,000 payouts every second and surged over 200% in FY 2021 as compared to FY 2020.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Sounds interesting?<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Contact our payouts experts today to discuss your disbursal needs!<\/em><\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/www.cashfree.com\/contact-sales\/?utm_source=blog&amp;utm_medium=organic&amp;utm_campaign=why_choose_cashfrees_payouts_over_direct_integration_with_banks\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/oeyatok5WE9wi3oRPtyZEsH72ojgmfhdZ1KsqgealgyOQMSvLxtJ746KhPZi2W5vD6Fy3WU-4aDPdLTURS5kF-fD7SXC9p7_LHlxlT__-qPUsWTfmpfFZXJarNLJrgX7g7yA4POiZchLsX09yp2MX_uc_DFsROV7X6vp78SEV4HD4aYml3twUJXJoKhQJw\" alt=\"\"\/><\/a><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Cashfree&#8217;s Payouts can help your business with bulk disbursals. But why should you choose &#8216;Payouts&#8217; over direct integration with bank?<\/p>\n","protected":false},"author":62,"featured_media":14902,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_themeisle_gutenberg_block_has_review":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_wpcom_ai_launchpad_first_post":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-14113","post","type-post","status-publish","format-standard","has-post-thumbnail","category-all"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Why Choose Cashfree\u2019s Payouts over Direct Integration with Banks - Cashfree Payments Blog<\/title>\n<meta name=\"description\" content=\"Cashfree&#039;s Payouts can help your business with bulk disbursals. 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