Features

Daily Payouts

Payment gateway with payout handling enables businesses not only to collect payments from customers but also to distribute funds to vendors, suppliers, employees, or partners. This feature is particularly useful for marketplaces, gig economy platforms, and businesses managing multi-party payments.

Benefits

  • Streamlines outgoing payments and reduces manual effort.
  • Improves cash flow management for businesses.
  • Enhances trust with stakeholders by ensuring timely payouts.
  • Supports scalability for growing businesses with bulk and global payout solutions.

By combining payment acceptance and payout handling, a payment gateway offers a comprehensive financial solution that helps businesses manage both incoming and outgoing payments seamlessly.

Payouts

Key Features of Payout Handling in a Payment Gateway

1. Automated Payout Processing
  • Automates the disbursement of funds to recipients, saving time and reducing manual errors.
  • Allows scheduling of payouts (daily, weekly, or custom cycles).
2. Multiple Payout Methods
  • Supports bank transfers, e-wallet payouts, UPI payments, and prepaid card disbursements.
  • Enables direct account-to-account payments.
3. Bulk Payouts
  • Allows businesses to process multiple payouts simultaneously through bulk upload features or APIs.
  • Ideal for paying multiple vendors, freelancers, or employees in a single batch.
4. Real-Time Tracking and Notifications
  • Provides real-time status updates on payouts (e.g., initiated, pending, successful, or failed).
  • Sends automatic notifications to recipients upon successful transfers.
5. Multi-Currency and Cross-Border Support
  • Enables payouts in multiple currencies for international transactions.
  • Handles currency conversion seamlessly with competitive exchange rates.
6. Split Payments
  • Automatically splits incoming payments between multiple parties (e.g., marketplace sellers, platform commissions).
  • Ensures timely and accurate payouts to all stakeholders.
7. Secure and Compliant Transactions
  • Complies with financial regulations like PCI DSS and local payout standards.
  • Implements encryption and tokenization to secure payout data.
8. Customizable Payout Solutions
  • Provides APIs and dashboards for businesses to customize and manage payout workflows.
  • Allows businesses to add branding (e.g., white-label solutions).
9. Reconciliation and Reporting
  • Offers detailed payout summaries, transaction history, and reconciliation reports for accounting.
  • Enables export of data for bookkeeping and audits.
10. Instant and On-Demand Payouts
  • Supports real-time payouts for businesses needing immediate fund transfers.
  • On-demand payouts give businesses flexibility in managing cash flow.
11. Recipient Verification
  • Validates recipient details like bank accounts or UPI IDs before processing payouts.
  • Reduces payment failures and ensures accuracy.