Overview of Payouts

The

Payouts

service transfers funds from one account to another using a two-step transaction process:

An AFT and OCT are independent transactions, however, an AFT often precedes a corresponding OCT.

In typical payment transactions, you initiate debits and credits to receive payments from cardholders for your goods and services. With

Payouts

, you provide a money transfer service by initiating AFT and OCT transactions that move funds between accounts. These are the money transfer types:

An
account-to-account
payment transfers funds between accounts owned by the same person.
A
business-to-person
payment transfers funds between a merchant and a cardholder.
A
person-to-person
payment transfers funds between two cardholders.

For a person-to-person funds transfer, Pull and Push services are executed. When an AFT is authorized for a person-to-person transaction, the funds are available and can be withdrawn from the sender's account. This service is known as a

Pull

service. A subsequent OCT is authorized, and the funds are deposited into the recipient's account. This service is known as a

Push

service.

The

Payouts

system ensures that both Pull and Push services are executed efficiently, providing a seamless experience for users. By leveraging

Payouts

, businesses and individuals can streamline their financial operations, making transactions more efficient and reliable.

No merchant goods are involved in

Payouts

transactions.

This guide explains only how to process AFTs.