What is Payouts? ( Read here)
How does Payouts work? ( Read here)
| Product | Function | |
| Transfer funds to account, UPI ID, and wallets* instantly | |
| Smart routing among 6 banks that guarantees higher uptime & success rate Supported on IMPS, NEFT, RTGS, UPI, AmazonPay, and Paytm rails Support various method to initiate payouts: Dashboard, bulk upload along with the maker-checker process and API Velocity checks at merchant as well as at the beneficiary level Simple APIs for payout, reconciliations; webhooks for a status update Comprehensive MIS report for payouts, failures, and available balance
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| Make payout directly from merchant’s account | Support on Yes Bank, ICICI Bank, and Kotak* (more banks in the pipeline) Support on IMPS and NEFT rails API based or file upload Velocity checks (merchant & beneficiary level)
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Bank Account and UPI ID Validation | |
| Validate the correctness of beneficiary’s bank details or UPI ID | |
| Check beneficiary’s bank details (account number, name) Verify UPI ID and beneficiary name Simple API integration; Verify multiple beneficiaries in a single API call
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| Link-based payout solution where the beneficiary can choose payment instrument | |
| Coverage: Bank a/c, UPI ID, Paytm, AmazonPay Great customer experience with instant refund Reduce operation efforts; No need of gathering customer account details Beneficiary can choose their preferred instrument Comprehensive MIS & Dashboard to track redemption cycle
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