Payouts (Local & International)

Overview

SingleView Payouts API V1.0 allows you to make easy and instant payments to businesses and people.

With a simple integration with SingleView Payouts API V1.0, Businesses get the convenience of paying out to their Partners/Vendors/Customers with complete control over the transactions and a system with the most effortless reconciliation and settlement. Access local clearing methods globally, outwit domestic and international payment challenges, and simplify complex payment infrastructures.

Features

SingleView Payouts API V1.0 allows for fetching real-time disbursal and balance facility, enabling you to manage multiple mode payments effortlessly. Accelerated payment speed with higher success rates will allow you to effortlessly manage vendor payments, customer refunds, partners, and others instantly through their desired mode and account type.

• Instant Beneficiary activation
• Quick payment settlement
• Real-time balance view
• Marketplace payments & refunds
• Supports multiple currents, enabling you to send payments around the world securely
• Take control of your outbound payment workflow
• Manage payment regulations across multiple markets and geographies
• Send and manage payments to vendor payouts, customer refunds, employee salaries, and more
• Highly reliable system and security-enhanced messaging platform
• Supports single and bulk payments
• Independent transaction processing and settlement
• Beneficiary ID-based transfers
• Developer-friendly APIs
• Easy reconciliation
• Straight through processing
• Immediate acknowledgment

Use cases

SingleView Payouts API V1.0 supports individual payments and bulk payments, providing you with an easy option to shoot a ton of payments within a few clicks. It allows flexibility in integrating with your ERP and accounting software to automate the disbursement process.

Payouts API V1.0 Service Validations

• Signature verification
• IPs Whitelisting
• Token Validation
• Valid/Active B2B company code
• Ensure a valid Debit Account number is captured
• Availability of sufficient funds in the Debit account
• Back value date transactions will not be accepted
• Future value date payment should not exceed 14 days from the date of payment initiation
• Transactions amount should not exceed per transaction limit/per day limit
• No Duplicate transactions allowed (i.e.) Transaction will be rejected if the same sequence number has been used in the past (or) the payment initiated to the same beneficiary on the same day, with the same amount and same value date

Account-to-Account Validations (With Bank)

• Must be a valid account (BBAN/IBAN)

SARIE Validations

• Beneficiary BIC code must be valid
• Beneficiary information should have a valid IBAN with its corresponding BIC ID
• Transactions received after cut-off will be processed on the next business day
• Transactions received during holidays/weekends will be processed on the next business day
• Any local payment (LP) should have a valid purpose of remittance information captured

International Transfers Validation

• Beneficiary BIC code must be valid
• Transactions received after cut-off should be processed on the next business day
• Transactions received during holidays/weekends shall be processed on the next business day
• Any overseas payment (TT) should have a valid purpose of remittance information captured
• IBAN-mandated/listed countries should capture only “IBAN” for processing the payments
• Any Non–IBAN-mandated/listed countries should capture only “Account Number” with the local clearing code (whichever country is applicable) for processing the payments