Transfer API - Payout

Payouts refer to fiat/crypto currency Example: EUR, GBP payouts to bank accounts of end-users (Individual / Businesses) directly from your TransFi balances.

We will walk step by step through the process, from creating a permanent address for your end-user to send payments.

Types of payout

There are two types of payout, based on the currency in which the money is sent.

1. Fiat Payout: Sending payments in fiat currencies. Example: EUR, GBP.
2. Crypto Payout: Sending payments in crypto currencies. Example: USDTSOL, USDCPOLYGON

Sources of funds for payouts

To create a valid payout, it is essential to have a pre-funding balance available for transactions. There are two ways to source balances for creating your payout.

1. Pre-funding: Transfer to Bank or the dedicated wallet address assigned to your account.
2. Balance-transfer : Transferring balance of any unsettled payin orders. This option will be pre configured in your settings.