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, then you must specify the recipient currency in the payout instruction.
Transfer Methods
The Path solution offers one payout transfer methods:
- Bank, where Nomupay delivers funds to a recipient bank account using real-time enabled financial networks.
The recipients transfer method and associated details will be set up via API. The details are explained during your integration phase.
For more details on the bank transfer method please visit the Recipient Payout Transfer Method section.