Business definitions

• Payout

  A Payout is the solution that allows you via API or manual Batch upload to pay your LOCAL service providers, suppliers, gig workers, wallet withdrawals, remittences and partners. The Payout is executed in the local currency of a specific country and could have FX or not depending the account configuration.

• Payin

  A Payin is the solution that allows you via API or Web Checkout to collect funds from your LOCAL customers. The Payins are collected in the local currency of a specific country and could have FX or not depending the account configuration.

• Settlement

  For Payins the Settlement referes to the Wire Out Localpayment will execute in order to settle all the completed collections in your merchant account generally through a Swift wire in a hard currency cross border to your international bank account. For Payouts the Settlement referes to the Wire In Localpayment will receive generally through Swift in a hard currency in order to top up your merchant account so you have positive balance to be able to execute the local disbursements.

• Transaction Type

Below you will find a list with the main transaction type of our system

Transaction Types
PAYIN
PAYOUT
CHARGEBACK
REFUND
RETURN
RECALL
WIRE IN
WIRE OUT

• Payment Method

  Each country has differnt payment methods and also they are unique for Payins or Payouts, to find all the available payment methods for Payins click here, for Payouts click here

For more definitions please go to our Glossary

For more Payouts explanations go to our Payouts page

For more Payins explanations go to our Payins page