Documentation V3
  • Localpayment documentation V3
  • INTRODUCTION TO OUR SOLUTION
    • Intro to our Documentation
    • Intro to Payment Methods in Emerging Markets
    • Merchant Dashboard
      • Dashboard Navigation
      • Login
      • User Roles
      • Roles
      • Users
      • Whitelist your IPs
      • Whitelist your BINs
      • Setup your Webhooks
      • Reports
        • Balance
        • Projected Balance
        • Activity
        • Transaction Detail
        • FIDES Report
      • Virtual accounts
      • Refunds
        • Refund Bank Transfer
        • Refund Card Capture
        • Refund Cash
      • Chargeback
      • Internal Domestic Transfer
      • Internal Foreign Transfer
      • Currency Exchange
        • Create
      • Wire In
      • Wire Out
    • Intro to FX operations
    • Business definitions
      • Payins
      • Payouts
    • Onboarding & Integration
    • Postman Collection
  • ENVIRONMENTS
    • Environments
  • BEFORE A PAYMENT
    • Access Token
    • Validations
      • Document Validation
      • Bank Account Validation
      • Validate BIN
    • Holidays
    • Search Payment Method
    • Search Bank Codes
    • Cash Agents Geolocalization
    • Installments Plan Quote
    • Currency Exchange Quote
    • Billing Service
      • Create
        • Mexico
      • Check Billing status
      • Download Billing
  • REQUEST A PAYMENT
    • Payins
      • Bank Transfer
        • Direct debit
          • DEBIN (Argentina)
          • Transfiya (Colombia)
          • Wallet Fri (Guatemala)
        • Virtual Account
          • Mexico
            • Request Individual
            • Request Batch
            • Check Virtual account
            • Delete Virtual account
            • Enable or Disable Virtual Account
          • Brazil
            • Request Individual
            • Check Virtual account
            • Alias ​​configuration
          • Argentina
            • Request Individual
            • Request Batch
            • Check virtual account
            • Delete Virtual account
          • Refund Virtual Account
        • Online Reference Code Payments
          • Mexico
        • Refund Bank Transfer
        • Cancel
        • APMs
          • CODI (Mexico)
          • ETPAY (Chile)
          • Fintoc (Chile)
          • Boleto (Brazil)
          • PIX (Brazil)
            • Refund Pix
          • PSE (Colombia)
          • QR (Bolivia)
          • QR (Guatemala)
          • QR (Argentina)
          • QR (Perú)
      • Cash
        • Cash
          • APMs
            • Boleto (Brazil)
        • Cancel
        • Refund Cash
      • Debit Card
        • Capture
        • Refund Capture
      • Credit Card
        • Capture
        • Create Authorization
        • Capture Authorization
        • Cancel Authorization
        • Refund Capture
        • Installments
        • Save Cards
          • Save Card
          • Get Card
          • Delete Card
        • 3D-Secure
        • Validate card
        • Chargebacks
          • Notification
          • Send documentation
          • Close Chargeback
    • Payin Subscriptions
      • Create a subscription
      • Update subscription
      • Cancel
    • Payin Subscriptions Plan
      • Create subscription plan
      • Update subscription plan
      • Get subscription plan
    • Payouts
      • Search available banks
      • Create
        • Argentina
        • Bolivia
        • Brazil
        • Chile
        • Colombia
          • Colombia ACH
          • Colombia Transfiya
        • Costa Rica
        • Dominic Republic
        • Guatemala
        • Honduras
        • Mexico
        • Panama
        • Peru
        • Kenya
      • Manual Upload
        • Create Batch Upload
        • Batch Pending Authorization
        • Cancel Batch Pending Authorization
        • Batch Activity
      • Proof of Payment (POP)
      • Cancel
      • Commit payout
      • Attach documents
      • Ripplenet getway
    • Payouts Double Signature
      • Authorize
    • Checkout
      • Webcheckout
        • Credit Card
        • Debit Card
        • Cash
        • Bank Transfer
      • Link Payment
      • Frequent Items
      • Iframe
      • Smart Checkout/ iframe
      • Virtual Pos
      • Plugins
        • Magento
        • Shopify
        • Google Pay
        • WooCommerce
  • AFTER A PAYMENT
    • Check Status
    • Check Payment
    • Check Payment list
    • Check Subscription
    • Account Balance
      • Balance Reconciliation
      • Current Balance Amount
    • Withholding Certificates
    • Proof of Payment
    • RFI - Documentation
  • SETTLEMENT & EXCHANGE
    • Wire In
    • Wire Out
    • Currency Exchange Bulk
      • Quote
      • Bulk
      • Currency exchange - Front end
    • Internal Transfers
      • Internal Domestic Transfer
      • Internal Foreign Transfer
  • NOTIFICATIONS
    • Callbacks - Webhooks
      • Configurations
      • Payins
        • Payin Bank Transfer
        • PSE Colombia
        • Payin Virtual Account
        • Payin Cash
        • Payin Credit Card
        • Payin Debit Card
      • Payouts
    • SFTP- Email Reports
  • API REFERENCE GUIDE
    • Validation Error Codes
    • Transaction Type & Status
      • Payin
      • Subscriptions
      • Payout
      • Chargeback
      • Credit
      • Currency Exchange
      • Debit
      • Expenses
      • Internal Transfer
      • Recall
      • Refund
      • Return
      • Recurring Fee
      • Wire in
      • Wire out
    • Payout Methods + SLA
      • Latam
    • Payin Methods + SLA
      • Argentina
      • Bolivia
      • Brazil
      • Chile
      • Colombia
      • Dominican Republic
      • Guatemala
      • Mexico
      • Panama
      • Peru
    • Currency Codes
      • Latam
    • Country Codes
      • Latam
    • Bank codes
      • Latam
        • Argentina
        • Bolivia
        • Brazil
        • Chile
        • Colombia
        • Costa Rica
        • Dominican Republic
        • Guatemala
        • Honduras
        • Mexico
        • Panamá
        • Peru
    • Bank account validations
      • Latam
        • Argentina
        • Bolivia
        • Brazil
        • Chile
        • Colombia
        • Costa Rica
        • Dominican Republic
        • Guatemala
        • Mexico
        • Panama
        • Peru
    • Document Validations
      • Argentina
      • Bolivia
      • Brazil
      • Chile
      • Colombia
      • Costa Rica
      • Dominican Republic
      • El Salvador
      • Guatemala
      • Honduras
      • Mexico
      • Panama
      • Peru
    • Concept Codes
  • FLOWS AND CHARACTERISTICS
    • Account Currencies
    • Involved Parties
    • Payin Status Flow
      • Payins
        • Payin Status Flow - Card
        • Payin Status Flow - Bank
        • Payin Status Flow -Cash
      • Refund - Card
      • Refund - Cash & Bank
      • Chargeback
    • Payout Status Flow
      • Payout - Bank
      • Return
      • Recall
    • Payin Subscription Flow
      • Payins Subscription Status Flow - Card
    • Virtual Account Status Flow
    • Settlement Status Flow
      • Wire In
      • Wire Out
    • Payin Methods Flow
      • Argentina
      • Bolivia
      • Brazil
      • Chile
      • Colombia
      • Dominican Republic
      • Guatemala
      • Honduras
      • Mexico
      • Panama
      • Peru
  • HOLIDAYS
    • 2021
    • 2022
    • 2023
    • 2024
    • 2025
  • COMPLIANCE
    • Values
    • Prohibited Countries
    • Prohibited Business
    • Compliance Program Docs
    • Licenses
    • Terms & Conditions
  • GLOSSARY
    • Payments Explained
    • FAQ
  • PLUGINS
    • Magento
    • Shopify
    • Google Pay
    • WooCommerce
    • Ripplenet
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Payouts Overview

What is a Payout?

The way people work is changing fast. People can work remotely and be part of international organizations without leaving their country.

This scenario created a new challenge for cross border companies: how to pay people the way they want to in their currency without being there? Regulation, compliance, taxes, local connections, and other things are needed to make this process smooth to both ends, and this is what Localpayment is offering with the payout solution.

This is where Payout solutions come into play. A payout is the act of sending funds to a supplier, partners or a freelancer and helps merchants by:

  • Providing faster payments

  • Offering a single platform to attend multiple countries

  • Reducing total number of transactions to perform a payment

  • Providing a good experience to the payees

The Payout solution offers the following advantages:

  • Competitive SLA. Payment occurs in T+0 business days

  • Regional Latam coverage

  • Improve FX Managment

  • Better end user experience

  • Full control on the amount the payees receive

  • Full control of the payment status 24/7

The Payout Process

Payout Flow

Payout Solution

  • Direct API: Our Payout API allows for full customization of the user experience according to the merchant's needs. This solution requires code development on the merchant's website.

  • Dashboard: Localpayment's Dashboard offers a smooth experience without the need for any coding at all. Simply log on to your dashboard and check our payout feature and upload our template (TXT, CSV, TXT)

  • Ripplenet: Localpayment is a Ripplenet partner. That means we can receive payment instructions through Ripplenet API, sometimes this makes the integration much faster for merchants who already are ripplenet partners aswell.

Get Started with Payouts

What You Will Need

A Sandbox Account

As with any secure payment integration, you will first need to set up authorization. Our sandbox allows you to set up a test environment to run transactions using test data and explore our payment solutions.

Prerequisites

To start processing Payouts, you need to:

  • An account at Localpayment

  • A signed agreement

  • Pass our Due Dilligence onboarding

  • Finish the integration

Additionally, there are a few items that you must be aware, before you start processing payouts:

  • AML-KYC thresholds apply limiting the amount a beneficiary can receive and the documentation requiered for the payment to be executed.

Getting Started

The Payout contracting is a simple process that goes through our Compliance and Legal Teams and follows these steps:

Merchants already operating with Localpayment

  1. Merchant decides to contract Localpayment payout solution

  2. Merchant will need a new compliance onboarding and compliance team can request more informations e documents to the merchant

  3. After compliance approval, legal team will adjust the contract to the merchant

New Merchants

  1. Merchant decides to contract Localpayment's Payout solutions

  2. Merchant will go through a compliance onboarding

  3. After compliance approval, legal team will prepare the contract to the merchant

Additional Resources

Last updated 1 year ago

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If you haven't already, sign up for a Sandbox Account at our , answer a few questions and apply for an account. We'll get in touch with you shortly after! Once you are setup, you'll have access to your Dashboard and your test integration keys!

Localpayment restricts or does not work with certain products and services. You can find the full list .

Localpayment restircts the following jurisdictions

We have a full API Refence document, describing in details each parameter and responses. You can find the .

Also, you can test your API calls using our Postman Collection. You can find our .

You can find our reference guide with all the codes, countries, methods in order to start the integration

  1. INTRODUCTION TO OUR SOLUTION
  2. Business definitions

Payouts

PreviousPayinsNextOnboarding & Integration
  • Payouts Overview
  • What is a Payout?
  • The Payout Process
  • Payout Solution
  • Get Started with Payouts
  • What You Will Need
  • Getting Started
  • Additional Resources
Business Page
Sign up for a Localpayment Sandbox Account here
here
here.
Payout API Reference here
Payout Postman Colletion here
here.
Onboarding Flow