Create International Payout

Merchants can create International Payouts, within seconds, on real-time FX Rates. Initially, the Merchant needs to select the Sender and Beneficiary Country, besides the Payment Method, to get the respective FX Rates.

Merchants are presented with a timer, during which they need to accpet to contibue the Payout at the displayed FX Rate. Post this timer, the real time FX Rates are fetched again.

After accepting the same, the Merchant needs to enter the Sender and Beneficiary Account Details, and other information including Purpose, Email, and all. The Payout gets executed at the accepted FX Rate.

Payout Charge Bearer
If the functionality for "Payout Charge Bearer" is enabled, the Merchant will see an additional field "Charge Bearer" when filling out the international payout. If the Merchant wishes to incur all the bank charges for the transfer, they can choose "OUR" for this field. Else they can choose "Shared" in which case payee pays their bank charges, while Merchant incur charges only from their end. If Payout Charge Bearer is not enabled, the default behaviour will be as "Shared".

2FA for payout
If the "2FA for payout" functionality is turned on, the user will be asked to provide a payout verification code before finalising the payout. The OTP will be come either via SMS/email, or is to be entered from the authenticator app (if that is enabled).