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Card payouts
Can payouts be done in multiple currencies?
Yes, payouts can be processed in multiple currencies.
How do I set up card payouts for my account?
Card payouts are set up through a merchant account or payment gateway. Merchants need to integrate their systems with API, configure payout settings such as payout frequency and amount thresholds, and provide necessary banking or card information for the recipients. Once set up, funds can be transferred automatically to customers’ cards according to the configured parameters.
What payout methods are supported?
With Visa OCT and Mastercard MoneySend, payouts are typically near-instant, with funds reaching the recipient account in real time. Processing times may vary due to issuer checks, bank availability, or technical factors, but these payout methods are designed to deliver funds instantly.
Can I do card payouts to a prepaid card?
Yes, you can do payouts to a prepaid card.
What are card payouts and how do they work?
Card payouts let a business send funds directly to a customer’s debit or credit card, instead of a bank transfer – used for things like winnings, refunds, or claims that need to arrive quickly. Funds are pushed straight to the recipient’s card via the Visa or Mastercard network, so payouts typically settle faster than a traditional bank payout while still reaching the same card the customer paid with.