Payouts Overview
Learn how Localpayment Payouts enable businesses to send payments across countries.
Localpayment Payouts empowers businesses to send cross-border payments efficiently and securely. Whether you're managing supplier payments, compensating service providers, handling gig worker payouts, processing wallet withdrawals, or facilitating remittances, our platform streamlines international money transfers in local currencies.
Key Benefits
- Global Reach: Send payments to 13+ countries across Latin America
- Multiple Payment Methods: Choose between bank transfers and wallets
- Local Currency Support: Pay recipients in their preferred local currency
- API-First Integration: Seamlessly integrate with your existing systems
- Real-Time Tracking: Monitor payout status from initiation to completion
Supported Payment Methods
Choose the payout method that best fits your recipients' needs and operational requirements:
Best for: Large payouts, traditional recipients
Send funds directly to recipient bank accounts. Processing times vary by country and bank. Ideal for suppliers, contractors, and formal business relationships.
Best for: Fast payouts, tech-savvy recipients
Instant transfers to digital wallet accounts. Recipients get immediate access to funds. Perfect for gig workers, freelancers, and quick disbursements.
Global Coverage
Our payout network provides extensive reach across Latin America, offering flexibility through both traditional and digital financial institutions.
| Country | ISO | Currency | Bank Transfer | Wallets |
|---|---|---|---|---|
| Argentina | ARG | ARS | ✔ | ✔ |
| Bolivia | BOL | BOB | ✔ | ✔ |
| Brazil | BRA | BRL | ✔ | ✔ |
| Chile | CHL | CLP | ✔ | ✔ |
| Colombia | COL | COP | ✔ | ✔ |
| Costa Rica | CRI | CRC | ✔ | — |
| Dominican Republic | DOM | DOP | ✔ | — |
| El Salvador | SLV | USD | ✔ | ✔ |
| Guatemala | GTM | GTQ | ✔ | — |
| Honduras | HND | HNL | ✔ | — |
| Mexico | MEX | MXN | ✔ | ✔ |
| Panama | PAN | USD | ✔ | — |
| Paraguay | PRY | PYG | ✔ | — |
| Peru | PER | PEN | ✔ | ✔ |
Importante
Payout capabilities, processing times, and available operations vary by destination country and local banking regulations. Please refer to specific country documentation for detailed requirements and limitations.
How Payouts Work
The payout lifecycle involves two parallel flows: the Money Flow (funding, conversion, and disbursement) and the Information Flow (payment instructions and confirmations). Here is a step-by-step breakdown of how a payout is processed from account funding to beneficiary receipt.
Payout Flow
- Transfer to Localpayment bank account/wallet: You initiate a wire transfer from your corporate bank account to Localpayment's designated account, in the required currency. Refer to our Wire-In documentation for detailed instructions.
- Send proof of payment: After initiating the wire transfer, you send the transfer receipt or reference number to the Localpayment support team for manual verification.
- Transfer verification completed: Our operations team verifies the incoming funds against the proof of payment you provided.
- Account funding (USD): The verified funds are credited to your Global Master Account in USD.
- Convert USD to local currency: If you need to pay beneficiaries in a local currency (e.g., BRL, MXN, COP), we perform an FX conversion from your USD balance to the target currency at the current rate.
- Account funding (local currency): The converted funds are deposited into your Internal Localpayment Account denominated in the local currency.
- Send payment order: Your system calls the Create Payout endpoint with the beneficiary details ( amount, currency, bank account, beneficiary name, document ID).
- Check and confirm funds: Before processing your payout request, we verify that your Internal Localpayment Account has sufficient balance to cover the amount plus fees.
- Send transfer instructions: Localpayment routes the payout instruction to the beneficiary's bank through the local clearing house or partner bank.
- Allocate funds: The funds are sent through the local clearing house or partner bank and credited to the beneficiary's bank account. The payout is marked as COMPLETED in our system.
- Send notification of funds transfer: The beneficiary's bank sends a confirmation message back to Localpayment via the local clearing system.
- Send confirmation to Merchant: Localpayment sends a webhook to your configured endpoint. The payload includes the final status, bank reference number, and processing timestamps. Your system receives the webhook, verifies the signature, and updates your internal ledger.
Payouts SLAs
Processing times for payouts depend on the destination country, payment method, local banking rails, and cutoff times. Use the SLA table below to understand expected delivery windows and plan your payout operations accordingly.
Country | Code | Payment Type | Network Name | Currency | Settlement Time | Cut-off Time (Local/GMT)* | Minimum Amount | Maximum Amount |
|---|---|---|---|---|---|---|---|---|
Argentina | 0010 | Bank Transfer | COELSA | ARS | Real Time | N/A — 24/7, availability includes weekends & public holidays. | ARS 14.00 | No maximum limit. |
Bolivia | 0020 | Bank Transfer | SCP | BOB | Next Business Day | 02:00 p.m. (Local) | BOB 1.00 | No maximum limit. |
Bolivia | 0021 | Wallet | Yape | BOB | Same Day | 02:00 p.m. (Local) | BOB 0.01 | BOB 6,875.00 |
Brazil | 0030 | Bank Transfer | TED | BRL | Same Day | 05:00 p.m. (Brasília time) | BRL 0.06 | No maximum limit. |
Brazil | 0031 | Bank Transfer | Pix | BRL | Real Time | N/A — 24/7, availability includes weekends & public holidays. | BRL 0.06 | No maximum limit. |
Chile | 0050 | Bank Transfer | TEF | CLP | Real Time | N/A — 24/7, availability includes weekends & public holidays. | CLP 1.00 | CLP 7,000,000.00 |
Chile | 0050 | Bank Transfer | TEF (High-Value) | CLP | Same Day | 05:00 p.m. (Local) | CLP 7,000,001 | No maximum limit. |
Colombia | 0060 | Bank Transfer | ACH + Intrabank (Realtime) | COP | Same Day | 03:00 p.m. (Local) | COP 40.00 | No maximum limit. |
Colombia | 0061 | Bank Transfer | TRANSFIYA | COP | Real Time | N/A — 24/7, availability includes weekends & public holidays. | COP 40.00 | COP 50,000,000.00 |
Colombia | 0062 | Bank Transfer | BreB | COP | Real Time | N/A — 24/7, availability includes weekends & public holidays. | COP 1.00 | COP 11,552,000.00 |
Costa Rica | 0070 | Bank Transfer | SINPE | CRC | Same Day | 03:00 p.m. (Local) | CRC 1.00 | Equivalent to USD 10,000. |
Costa Rica | 0070 | Bank Transfer | SINPE Móvil | CRC | Real Time | N/A — 24/7, availability includes weekends & public holidays. | CRC 1.00 | Equivalent to USD 10,000. |
Dominican Republic | 0080 | Bank Transfer | ACH | DOP | Next Business Day | 01:00 p.m. (Local) | DOP 1.00 | Equivalent to USD 10,000. |
Dominican Republic | 0081 | Bank Transfer | LBTR | DOP | Next Business Day | 02:00 p.m. (Local) | DOP 1.00 | Equivalent to USD 10,000. |
El Salvador | 0100 | Bank Transfer | ACH | USD | Next Business Day | 02:00 p.m. (Local) | USD 0.01 | No maximum limit. |
Guatemala | 0110 | Bank Transfer | IFT | GTQ | Next Business Day | 12:00 p.m. (Local) | GTQ 1.00 | GTQ 20,000.00 |
Guatemala | 0110 | Bank Transfer | ACH | GTQ | Next Business Day | 12:00 p.m. (Local) | GTQ 20,001 | No maximum limit. Used for transactions above GTQ 20,000. |
Honduras | 0120 | Bank Transfer | ACH Pronto | HNL | Next Business Day | 12:00 p.m. (Local) | HNL 1.00 | Equivalent to USD 10,000. |
Mexico | 0130 | Bank Transfer | SPEI | MXN | Real Time | N/A — 24/7, availability includes weekends & public holidays. | MXN 0.01 | No maximum limit. |
Panama | 0150 | Bank Transfer | ACH | USD | Same Day | 02:00 p.m. (Local) | USD 1.00 | No maximum limit. |
Paraguay | 0160 | Bank Transfer | SIPAP | PYG | Real Time | N/A — 24/7, availability includes weekends & public holidays. | PYG 1.00 | PYG 5,000,000.00 |
Paraguay | 0160 | Bank Transfer | SIPAP (High-Value) | PYG | Real Time | N/A — 24/7, availability includes weekends & public holidays. | PYG 5,000,001.00 | No maximum limit. Used for transactions above PYG 5,000,000. |
Peru | 0170 | Bank Transfer | CCE | PEN | Real Time | N/A — 24/7, availability includes weekends & public holidays. | PEN 1.00 | PEN 30,000.00 |
Peru | 0170 | Bank Transfer | LBTR | PEN | Same Day | 06:00 p.m. (Local) | PEN 30,001.00 | No maximum limit. Used for transactions above PEN 30,000. |
Peru | 0171 | Wallet | CCE | PEN | Real Time | N/A — 24/7, availability includes weekends & public holidays. | PEN 1.00 | PEN 500 |
Post-Payout Operations
After initiating a payout, several management options are available depending on the payment status and local regulations:
Handle failed deliveries
Manage situations like:
- Invalid recipient details
- Closed bank accounts
- Regulatory holds
- Voluntary recalls (time-limited)
Each case includes detailed reason codes and resolution timelines.
Stop pending payments
Cancel payouts while they're:
- In pending status
- Before banking cutoff times
- Prior to rail submission
Cancellation availability varies by country and payment method.
Prevent funding issues
Configure proactive alerts for:
- Low account balances
- Insufficient funds warnings
- Currency-specific thresholds
- Automatic top-up triggers
Avoid payout rejections with smart balance monitoring.
Getting Started
Ready to begin sending payouts? Here are your next steps:
- Set up your account - Complete verification and funding
- Explore our API - Review integration options and test endpoints
- Configure webhooks - Receive real-time status updates
- Test in sandbox - Validate your integration before going live
Need Help? Our support team is available to assist with integration planning, country-specific requirements, and optimization strategies. Contact us to get started.
Updated 5 days ago