post
https://api.stage.localpayment.com/api/account/wire-out
Initiate a Wire Out to settle funds from your Localpayment account to your own external bank account.
Wire Out vs. Payout
- A Wire Out is a settlement / withdrawal: funds move from your Localpayment account to your own external bank account. The beneficiary defined in the
toobject must be you, the same account holder as the source account, never a third party. - A Payout is a disbursement to an end recipient (typically your customer). If you need to send funds to a third party, use the Create Payout endpoint instead.
To initiate a Wire Out, provide:
- Destination bank details (your own external bank account): bank
name,swift, bankaddress,accountName,accountNumber, andbeneficiaryAddress. The account holder must match you as the source account owner. - Source Localpayment account: the
accountNumberof the Localpayment account from which the funds will be debited. - Transfer details:
amount,currency,country,transactionTypeset to"WireOut", yourexternalId, and an optionalcomment.
On success, Localpayment returns an internalId you can use to track the wire transfer. You can monitor its status from RECEIVED through Completed (funds credited to your destination bank account) or Rejected.