A common recipient payout experience is logging into a payout provider portal and claiming funds.
Nexio has integrated several payout providers while continuing to provide the same portal experience to recipients, including email notifications and a reporting interface.
For a general overview of the Payout product, see Payout in the Getting Started section.
A recipient is the individual or business receiving payments. Before paying out to a recipient, a recipient profile must first be created either as a separate step or simultaneously with the payout request.
A payout is the request from the payer (merchant or business, for example) to fund a recipient’s balance, wallet, or account.
See the Spendback overview topic.
Depending on the chosen payout provider, the payout experience for recipients does not have to change at all.
The payer (merchant or business, for example) can keep the exact same experience with the payout provider portal, including manual uploads to the provider's portal.
Nexio adds the option for payers to send payouts to recipients through an integration, and gives them a centralized location to track payouts and access reports in the Nexio Dashboard.
An integrator can leverage Nexio's API to do the following:
- Create a recipient profile to which payments will be sent.
- Retrieve information for one or multiple recipient profiles.
- Create a request to process one or more payout transactions.
- Retrieve details for one or more payout transactions.
The overall payout experience is as follows:
Your application creates a recipient profile (before or during a payout request).
Your application submits a payout request.
The recipient receives an email notification from the payout provider prompting them to log in and accept the payment.
The recipient activates their payout account and selects their preferred transfer method.
The recipient’s transfer method is funded.
The payer (merchant or business, for example) views payout information in the Nexio Dashboard (or using the payout provider portal).
For details about configuring and using webhooks to retrieve payout event information, see Legacy webhooks and event types in the Developer Tools section.
Updated 2 months ago