Overview

Payouts represent money moving from your Fintoc balance to bank accounts outside Fintoc.

There are 2 types of payouts:

1. Money collected by Fintoc when using other products such as Payment Initiation, Direct Debit or Payins.
2. Funds added to your Fintoc bank account in order to generate real-time liquidations. The Create Payout API allows you to transfer funds seamlessly from your Fintoc bank account to an external recipient.

In this guide will walk you through the process of initiating a payout from a Fintoc bank account to a recipient's account, such as a client, supplier, or any other party.