Introduction
Payouts.com provides a comprehensive banking platform designed to streamline global payments, multi-currency management, and transaction tracking. This article is for businesses and vendors who need to efficiently manage incoming and outgoing transactions, currency conversions, global accounts, and financial balances.
Key Concepts
Global Accounts: Virtual multi-currency accounts that allow users to receive and manage funds across different regions.
Balances: Different types of account balances that affect available funds and transaction processing.
Transactions: The process of tracking, approving, and managing financial movements.
Payouts: Sending money to recipients via various transfer methods.
Pay-Ins: Receiving payments from clients, partners, or other sources.
Currency Conversion: The ability to exchange funds between different currencies at real-time rates.
Batch Transfers: A feature enabling bulk payments for streamlined financial management.
1. Global Accounts
Payouts.com offers multi-currency global accounts, enabling businesses to manage funds in different currencies without unnecessary conversion fees.
Benefits:
Accept bank transfers locally and via SWIFT.
Hold balances in multiple currencies.
Avoid currency conversion costs.
Use local details for seamless cross-border transactions.
Supported Currencies & Markets
USD (United States)
GBP (United Kingdom)
EUR (SEPA region)
AUD (Australia)
CAD (Canada)
DKK, HKD, AED, IDR, ILS, MXN, PLN, NZD, SGD, and more.
2. Pay-Ins: Receiving Payments
Payouts.com enables clients to receive payments through multiple channels, including crypto and global bank transfers.
Global & Multi-Currency Accounts
Generate a global account via the Payouts.com dashboard.
Share account details with customers or third parties for direct bank transfers.
Monitor incoming transactions in real time.
Crypto Pay-In
Deposit supported cryptocurrencies into a unique wallet.
Automatic conversion into fiat at real-time exchange rates.
Funds are credited to the designated bank or wallet.
3. Payouts: Sending Payments
Payouts.com supports multiple payout methods for seamless international transactions.
Supported Payout Methods
Local Bank Transfers: Fast and cost-effective payments.
SWIFT Transfers: Secure global wire transfers.
Crypto Payments: Individual or batch crypto payouts.
E-Wallets: PayPal and Payoneer integrations.
Prepaid Cards & Gift Cards: Alternative payout solutions.
Push to Cards: Real-time payments to debit cards.
Batch Transfers
Upload recipient details using a batch template.
Confirm and process multiple payments in one action.
Track all transfers in the dashboard.
Approval Workflows & Security
Multi-Layered Approvals: Set custom approval requirements.
User Permissions: Assign specific roles for transaction control.
Multi-Factor Authentication: Enhance transaction security.
4. Balances: Managing Wallet Funds
Payouts.com categorizes balances into three types to ensure clear financial tracking.
Types of Balances
Available Balance: Funds ready for transactions.
Account Balance: Total funds, including reserved amounts.
Reserved Balance: Temporarily held funds due to pending transactions.
Pending or reserved funds may be released when transactions are completed or canceled.
5. Transactions: Tracking and Managing Payments
Transaction Statuses
Pending: Awaiting processing.
Processing: Under review.
Completed: Successfully sent.
Failed: Rejected due to errors.
Cancelled: Stopped before processing.
Refunded: Returned to sender.
Exporting Reports
Users can generate financial reports in CSV, PDF, or Excel for reconciliation and compliance.
Best Practices
Regularly monitor transaction statuses to prevent delays.
Use batch transfers to streamline high-volume payments.
Maintain sufficient balance in wallets to avoid transaction failures.
Enable multi-factor authentication for enhanced security.
Convert currencies strategically to minimize exchange costs.
FAQ
What currencies and countries are supported?
Payouts.com operates in over 150 countries, supporting 60+ currencies.
How long do transfers take?
Local bank transfers: 1-2 business days.
SWIFT payments: 2-5 business days.
Crypto payments: Almost instant.
Are there transaction fees?
Yes, fees vary by payment method. SWIFT transactions may incur additional costs.
💡Tip
For further assistance, visit our Support Center or reach out to our team here.