Be it sending out refunds to your customers or paying your vendor, Payout API lets you seamlessly process banks transfers to beneficiaries. You have the option to choose between OpenPay or any of your connected current account to initiate a transaction. Since there is no beneficiary addition involved in the process, integrating the APIs is simple and straight forward.
All transactions forwarded to Payout API will be instantly sent to the bank for processing. In the case of NEFT or RTGS, transaction processing happens during the NEFT/RTGS cycles and not instantly. You will be notified via webhook whenever a transaction status changes. In addition to webhook calls, the transaction enquiry API lets you check the status of a transaction and instantly update your system.
Updated over 4 years ago
Get started with integrating Payouts API