Recipient Payout

Payout Instructions

A payout instruction is triggered via API and will debit the indicated amount from your available balance in order to credit the recipient via the applicable transfer method.

Depending on your use case you can choose to pay your recipient:

• a fixed amount (e.g. if you are paying an invoice of a specific amount)​, or 
• a variable amount (e.g. if you are paying a commission, where the agreement is that recipient covers the associated fees).

Note if you want to make sure that the recipient receives a fixed amount in a particular currency, then you must specify the recipient currency and amount in the payout instruction.​

Transfer Methods

The Payouts solution offers two payout transfer methods:

• Bank, where Nomupay delivers funds to a recipient bank account using real-time enabled financial networks.
• e-wallet, where Nomupay delivers funds to a recipient e-wallet. 

The recipients transfer method and associated details will be set up via API. The details are explained during your integration phase.

Bank Account

Nomupay delivers funds to bank accounts using real-time enabled financial networks. The transferred funds will be credited to the recipient's bank account. It should be noted that the process can take up to 3-days and will depend on various factors. I.e. most banks execute the actual transfer of money twice a day, once in the morning and once in the afternoon on business days. Transfers that are triggered after business day cut off, will by the bank be processed during the next available batch transfer. So, depending on when you issue the bank transfer, there could be a delay till the money arrives on your funding balance. That said, there are some bank transfers which are fast, and depending on the bank and country, the funds may be transferred over the weekend. Some examples would be; Cross border transfer to the same bank, or transfer within the same network.

The bank account transfer method is available in the following countries and currencies:

(1) Europe includes the following countries: Andorra, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland, Vatican City.

E-wallet

The e-wallet transfer type is normally linked to an existing bank account or card, though some e-wallets can also store monetary value independently. To ensure the security of a transaction, e-wallets typically require a form of customer verification (e.g., passcode, SMS, etc.) to successfully complete a transaction.

The e-wallet transfer method is available in the following countries, e-wallets and currencies:

(1) Pacific Islands includes Cook Islands, Fiji, Kiribati, Papua New Guinea, Samoa, Tonga, Vanuatu.