Payouts
Payouts refer to the process of transferring money to a recipient.
With WapiPay, you can easily send funds to individuals or businesses.
This feature is especially useful for businesses that need to make payments to employees, suppliers, or customers.
Payouts
Payouts allow you to transfer money to recipients, whether individuals or businesses. Here’s how the process works:
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Initiate a Payout Request: Create a payment order using the API, including the amount, recipient information, and payment purpose.
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Provide Recipient Details: Include the recipient's name, contact information, bank details (account number and financial institution), and the reason for the payout to ensure correct transfers.
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Transaction Processing: After submitting your request, WapiPay processes the transaction and provides a response on its success. If successful, the funds are sent to the recipient's account.
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Testing in Sandbox: Use the WapiPay sandbox environment to simulate payouts without real money. This helps you test your integration and understand the system before going live.
Key Points to Remember:
- Always use a unique identifier for your payout request to track it easily.
- Make sure to double-check the recipient's information to avoid any errors.
- The sandbox environment is your best friend for testing and learning.
By following these steps and understanding how payouts work, you'll be well-equipped to manage transactions with WapiPay effectively.
Updated 9 months ago