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.
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
Our streamlined payout process ensures reliable fund transfers through these key stages:
Step 1: Payout Request
Initiate your payout request
Create payout requests through:
- API Integration: Automated payouts via our RESTful API
- Dashboard Batch Processing: Upload a XLS file for multiple recipients payouts through our web interface
Required information includes recipient details, payout amount, currency, and payment method preference.
Step 2: Compliance & Verification
Security and compliance checks
Localpayment automatically performs:
- Identity verification for new recipients
- Anti-money laundering (AML) screening
- Sanctions list checking
- Fund availability confirmation
Most verifications complete within minutes, though some may require additional documentation.
Step 3: Payment Processing
Fund routing and execution
Once verified, payments are:
- Routed through optimal payment rails
- Processed according to local banking schedules
- Tracked in real-time through our system
Step 4: Delivery Confirmation
Payment completion and notification
Upon successful delivery:
- Instant confirmation sent to your system via webhook
- Status updates available through API or dashboard
- Transaction reference numbers provided for record-keeping
- Detailed reporting available for reconciliation
Step 5: Recipient Communication
Notify your beneficiaries
Best practices for recipient communication:
- Send payment notifications with transaction details
- Provide expected delivery timeframes
- Share tracking information when available
- Include support contact information
Post-Payout Operations
After initiating a payout, several management options are available depending on the payment status and local regulations:
Returns & Recalls
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.
Cancel Payouts
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.
Balance Management
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 about 1 hour ago