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.
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
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
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)
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
