PICK UP THE PACE OF YOUR PAYOUTS

Payouts with Checkout.com offers a flexible way to send money to billions of cards or bank accounts over global, real-time payment networks. These new payment flows can be applied to many new use cases including P2P (e.g. remittance), B2C (e.g. gig economy), or B2B (e.g. B2B marketplaces).

With Checkout.com, you can reduce the complexity and cost of domestic and cross-border payouts by using a single API to access multiple global payment networks to reach your customers. So you can add, test, and switch payout methods and new markets as you scale globally – without the need for new integrations. Payouts is also built into our single, scalable Unified Payments API, which means that you can use the same integration for both your payments and payouts needs.

You can deliver better payment experiences for both senders and receivers, embedding payouts methods in your website or app as part of an integrated digital experience, and using real-time payment networks like Visa Direct or Mastercard Send to pay customers quickly and simply.

Payouts are available 24/7/365, so money transfers won’t be delayed or affected by evening hours, weekends, and national holidays. This real-time capability means you can meet consumer demands for rapid access to funds.

Our data-enabled tools help you cut costs while increasing acceptance rates and improving customer experience. And with built-in compliance management, like localized sanction screening and AML monitoring on every payout, it’s easy to meet your regulatory obligations and manage risk with confidence.

Checkout.com offers two types of payout methods including Bank Payouts and Card Payouts.

• Bank Payouts: Allows you to send money directly to your recipient’s bank account using real-time payment networks like Faster Payments, SEPA Instant, FedWire. Each payout is optimized with real-time data formatting, bank account validation, and data enrichment capabilities – so you can reliably deliver payouts to recipients. Today, Bank Payouts are available domestically in the US, UK, and Europe.
• Card account payouts: Allows you to send money directly to your recipient’s card using real-time card payment networks like Visa Direct and Mastercard Send. Card Payouts are available from the US, UK, Europe, and Singapore, enabling domestic and cross-border coverage to 170+ destination countries and 100 local currencies around the world.

Businesses can use Payouts to turn funds disbursements into a competitive advantage.

For example, if you need to move money on demand or over weekends as part of your business model, you can benefit from the real-time capability offered by Payouts. Or by making funds available to your recipients in minutes – rather than days – you can deliver significant improvements in customer experience.

Whether you need to send funds to individuals or multiple recipients at scale, B2B enterprises and those in the B2C sector can all find a payout solution that works for them.

For example, you can conduct payroll through bank account payouts. Or if you’re an insurance provider, you can use the service to deposit the funds from a successful claim. Likewise, marketplace businesses can use payouts to settle seller transactions taken through their platform.