Payout Methods

Method 1: API

Use the API when you need automated payouts triggered by specific events, such as salary payments, reward campaigns, or refund approvals. It supports high-volume processing, programmatic reconciliation, and reporting, making it ideal for environments that require thousands of payouts concurrently.

Key Features of the API:

1. Idempotency
   • Prevents duplicate payouts during retries caused by temporary disruptions or network failures.
   • Ensures accurate financial records and avoids discrepancies.
2. Webhook Events
   • Provides real-time notifications about payout status.
   • Enhances visibility and responsiveness, allowing stakeholders to monitor transactions as they occur.
3. References for Internal Mapping
   • Maps payouts to internal systems for consistency in data management.
   • Guarantees accurate representation of payouts in financial records.

By leveraging these features, organizations can optimize payout processes, uphold accuracy, and maintain transparency throughout financial operations.

Method 2: Business Portal

Use the portal when you need manual payouts or team-based management.

1. Manual Payouts
   • Handles support credits and one-time payments to customers.
   • Support credits: compensation for service disruptions, account errors, or customer satisfaction initiatives.
   • One-time refunds: arise from billing mistakes or special requests.
   • Requires clear criteria and precise documentation to ensure transparency and accountability.
2. Team Workflows
   • Define precise roles and permissions within the team to optimize efficiency and collaboration.
   • Establish a clear approval process to ensure all financial payments undergo checks and balances.
   • Provide training and resources so team members can execute roles effectively while maintaining cooperation.
3. Exporting Payout Reports
   • Generate and export detailed payout reports for financial reconciliation.
   • Reports should include:
     • Transaction dates
     • Amounts paid
     • Rationale for each payout
     • Individuals involved in the process
   • Accurate and accessible reports streamline audits and financial analysis, enhancing overall management.