Step 4: Creating a Payout

This process allows for the ability for the CUSTOMER ENABLED wallet to complete payouts to other bank accounts using their Virtual Account.

It is possible to create both a payout to themselves (first party) or a payout to another bank account (third party).

When creating a Fiat Payout the following information is necessary; bank account number, bank code, SCAN (also know as a sort code) for GBP payments, and IBAN and BIC for EUR payments.

Note that if an invalid Bank Account or Bank Code are provided the payment will be rejected with an error message returned.