This API will help you to receive a list of all the Payout methods & their required parameters that Finmo supports by jurisdiction. The parameters will be in the form of SENDER and BENEFICIARY objects and the various fields required to be provided for both these parties.
For certain jurisdictions such as Malaysia, Taiwan etc., if you are doing in-bound cross-border payouts, some additional pieces of extra information may be required for both sender (source of funds) & beneficiary (receiver of funds) due to local regulatory reporting. This API will assist you in ensuring the information is captured before you progress.
For e.g. if you are an AU merchant and wish to remit funds to your vendors to Singapore, you probably only need their Company Name, Address, Bank Name and Account Number but if you have vendors in Malaysia you probably would need to provide their Company Registration No as well.
List Payout Methods by Country and Currency
This API returns a list of Payout Methods by particular country and currency.