PAYOUT

the way people work is changing fast. People can work remotely and be part of international organizations without leaving their country.

This scenario created a new challenge for cross border campanies: How to pay people the way they want to in their currency without being there? En regularion, compliance, taxes, local connections, and other things are needed to make this process smooth to both ends, and this is what localpayment is offering with the payout solution.

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This is where Payout solutions come into play.

A payout is the act of sending funds to a supplier, partners or a freelancer and helps merchants by:

  • Providing faster payments
  • Offering a single platform to attend multiple countries
  • Reducing total number of transactions to perform a payment
  • Provinding a good experience to the payees

The Payout solution offers the following advantages:

  • Competitive SLA. Payment occurs in T+0 business days
  • Regional Latam coverge
  • Improve FX Management
  • Better end user experience
  • Full control on the amount the payees recieve
  • Full control of the payment status 24/7

THE PAYOUT PROCESS

Merchant integrated with LP and creates new payment

Merchant’s settlement is received and credit into the merchant’s account at localpayment

Localpayment offers payment methods at checkout and process payout request

The merchant confirms payment to the customer

LP confirms payments to the merchant realtime

LP execute payout amounts due to the beneficiaries

PAYOUT SOLUTIONS

Direct API

Our Payout API allows for full costumization of the user experience according to the merchant's needs. This solution requires code development on the merchant's website

Dashboard

Localpayment's Dashboard offers a smooth experience without the need for any coding at all. Simply log on to your dashboard and check our payout feature and upload our template (TXT, CSV, TXT)

Ripplenet

Localpayment is a Ripplenet partner. That means we can receive payment instructions through Ripplenet API, sometimes this makes the integration much faster for merchants who already are ripplenet partners aswell

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