Make Fiat Payouts
The following guide explains how you can make payouts to business or individual customers using the same endpoint.
To create a fiat payout for local payment rails, you must have the following:
- Recipient's account number.
- Recipient's bank account details:
- For GBP payments: SORT
- For EUR payments: IBAN
- For USD payments: ABA routing number
If invalid bank details are provided, such as an incorrect bank code or account number, the payout request will be rejected with an error message returned.
To create a fiat payout for international payments via SWIFT, you must first acquire the following information:
- Payee's full name or company name and address.
- Bank Account Number (IBAN or other, depending on the currency)
- Name and address of the payee's bank
- Payee's SWIFT or Bank identifier Code (BIC) bank code.
Metadata-supported endpointThis endpoint allows you to include custom additional information with your request. The provided metadata will also be returned in the status endpoint for reference.
To make a payout, send the POST /payment/v1/payouts request with the corresponding payload:
{
"walletId": "a:24071743000626:go5SB1l:1",
"amount": {
"value": "100.00",
"currency": "GBP"
},
"paymentReference": "Ref112455",
"instruction": {
"type": "FIAT",
"paymentMethod": "FASTER_PAYMENT",
"beneficiary": {
"details": {
"beneficiaryType": "SELF_OWNED",
"transferDestination": "LOCAL",
"currency": "GBP",
"businessDetails": {
"businessName": "Company ABC"
},
"address": {
"addressLine1": "Some address Line 1",
"addressLine2": "Some address Line 2",
"city": "Some city",
"region": "Some region",
"postCode": "ABCDEF",
"country": "GB"
},
"bankDetails": {
"accountNumber": "00015179",
"code": "040825",
"address": {
"country": "GB"
}
}
}
}
},
"requestDetails": {
"originator": {
"ipAddress": "5.57.72.118"
}
},
"metadata": {
"someKey": "someValue",
"someKey2": {
"someKey3": "someValue3"
}
}
}{
"walletId": "a:24071743003474:xE95Oq7:1",
"amount": {
"value": "100",
"currency": "EUR"
},
"paymentReference": "0IIJSsG4kz",
"instruction": {
"type": "FIAT",
"paymentMethod": "SEPA_CT",
"beneficiary": {
"details": {
"beneficiaryType": "SELF_OWNED",
"transferDestination": "LOCAL",
"currency": "EUR",
"businessDetails": {
"businessName": "Company ABC"
},
"address": {
"country": "FR"
},
"bankDetails": {
"accountNumber": "FR7630006000011234567890189",
"code": "AGRIFRPP",
"address": {
"country": "FR"
}
}
}
}
},
"requestDetails": {
"originator": {
"ipAddress": "5.57.72.118"
}
},
"metadata": {
"someKey": "someValue",
"someKey2": {
"someKey3": "someValue3"
}
}
}{
"walletId": "a:24071743000626:go5SB1l:1",
"amount": {
"value": "100.00",
"currency": "USD"
},
"paymentReference": "Ref112455",
"instruction": {
"type": "FIAT",
"paymentMethod": "ACH",
"beneficiary": {
"details": {
"beneficiaryType": "SELF_OWNED",
"transferDestination": "LOCAL",
"currency": "USD",
"businessDetails": {
"businessName": "Company ABC"
},
"address": {
"addressLine1": "Some address Line 1",
"addressLine2": "Some address Line 2",
"city": "Some city",
"region": "Some region",
"postCode": "ABCDEF",
"country": "US"
},
"bankDetails": {
"accountNumber": "987654321",
"code": "021000021",
"accountType": "checking",
"address": {
"country": "US"
}
}
}
}
},
"requestDetails": {
"originator": {
"ipAddress": "5.57.72.118"
}
},
"metadata": {
"someKey": "someValue",
"someKey2": {
"someKey3": "someValue3"
}
}
}{
"walletId": "a:24101731223387:BvR3I1g:1",
"amount": {
"value": "5",
"currency": "USD"
},
"paymentReference": "REF123",
"instruction": {
"type": "FIAT",
"paymentMethod": "SWIFT",
"beneficiary": {
"details": {
"alias": "Some Alias",
"beneficiaryType": "SELF_OWNED",
"transferDestination": "INTERNATIONAL",
"currency": "USD",
"businessDetails": {
"businessName": "Marc Ltd"
},
"address": {
"addressLine1": "7b Manor Gardens",
"addressLine2": "Apt 5",
"city": "Hout Bay",
"region": "WC",
"postCode": "7806",
"country": "ZA"
},
"bankDetails": {
"accountNumber": "FR1420041010050500013M02606",
"code": "PSSTFRPPLIL",
"bankName": "La Banque Postale",
"address": {
"addressLine1": "3 RUE PAUL DUEZ",
"addressLine2": "Apt 5",
"city": "LILLE CEDEX 9",
"region": "Western Cape",
"postCode": "59900",
"country": "FR"
},
"intermediaryBanks": [
{
"bankName": "some bank",
"code": "PSSTFRPPLIL",
"address": {
"addressLine1": "3 RUE PAUL DUEZ",
"addressLine2": "Apt 5",
"city": "LILLE CEDEX 9",
"region": "Western Cape",
"postCode": "59900",
"country": "FR"
}
}
]
}
}
}
},
"requestDetails": {
"originator": {
"ipAddress": "5.57.72.118"
}
},
"metadata": {
"someKey": "someValue",
"someKey2": {
"someKey3": "someValue3"
}
}
}Note the following details:
-
walletId: The value expects the wallet'slsidwhen using the GET Wallets endpoint. -
paymentReference: Reference for the payment. ForACHandACH_SAME_DAYpayouts, this field has a maximum length of 10 characters. -
paymentMethod:ACH: Automated Clearing House (ACH) for USD.ACH_SAME_DAY: ACH Same Day for USD. If you request an ACH Same Day payout outside its available window, it will be process as a next-day payout. However, the ACH Same Day fee may still be incurred.FASTER_PAYMENT: Faster Payments for GBP.SEPA_CT: SEPA Credit Transfer for EUR. Standard SEPA bank transfer. Payment processing time is 1-2 business days.SEPA_INST: SEPA Instant Credit Transfer for EUR. Instant bank transfer. Funds arrive in seconds, 24/7. May incur a small fee.SWIFT: SWIFT for international payments.FEDWIRE: Fedwire for USD.
-
metadata: Custom key-value info for the payment. Returned in thestatusfield of the `GET /payment/v1/payouts/transactionReference request. Max 500 characters.
In the successful response, you receive transaction details:
{
"transactionReference": "1a0c24c7-c578-40ff-92cc-7a56c320db00",
"fee": {
"value": 1000.00,
"currency": "GBP"
}
}The above example uses GBP, the response will vary on the currency field for EUR and USD payouts.
In response, you will also receive a POST location header containing the transactionReference.
Updated 2 days ago