Payouts
You can send payouts to any individuals to their
Getting started
To start making payouts, sign an agreement with Smart Glocal, go through the KYC process with Smart Glocal, and complete the integration via this API.
Where to start?
Prices and preconditions
The prices for payouts are stated in your agreement with Smart Glocal. You can discuss them with your manager. The limits vary depending on the payout method (wallet
or bank_account
).
To start making payouts, make sure you topped up your prefunding balance with Smart Glocal.
You need to monitor (using the wallet/balance
method) your prefunding balance independently to make sure it is enough to keep payouts working. Please keep in mind that a bank wire takes 1 to 3 business days.
If the total of the payouts you have ordered using this API exceeds your prefunding balance, Smart Glocal will not be able to complete them.
Card identifier
A card identifier is generated based on the card number and its expiration date if it is available. It allows determining which card the user is using and whether users' cards overlap (if multiple users are using the same card). Its value is passed in the card_id
parameter.
By default, the card_id
parameter is unique for each project but you can choose this value to be the same across all your projects.
A card identifier cannot be used to make payments or to retrieve all cards linked to a recipient.
How to make a payout
All API operations are carried out within a payment session.
To create a payout, complete the following steps:
-
Create a payment session sending a
session/create
request.Alternatively, you can use the
session/init/payout
method. In this case, specify all the payout parameters right away and skip the next step. -
Send a
session/start/payout
request to start the payout. -
Wait for a
ready_to_confirm
webhook. When you receive it, it means that Smart Glocal is ready to make the payout and is waiting for your confirmation. -
Send a
session/confirm
request or asession/cancel
request to confirm or cancel the operation. -
Wait for a
payment_finished
webhook containing the result of the payout. If the status issucceeded
, the payout was successful. To learn more about the payout statuses, see here.
Sequence diagram
How to specify the remittance purpose
The remittance purpose must be specified in bank_account.global.description
within payment_method/payout_details
as follows:
Purpose | Description |
---|---|
COMPUTER_SERVICES | Computer service |
FAMILY_SUPPORT | Family support |
EDUCATION | Education |
GIFT_AND_DONATION | Gift and other donations |
MEDICAL_TREATMENT | Medical treatment |
MAINTENANCE_EXPENSES | Maintenance or other expenses |
TRAVEL | Travel |
SMALL_VALUE_REMITTANCE | Small value remittance |
LIBERALIZED_REMITTANCE | Liberalized remittance |
CONSTRUCTION_EXPENSES | Construction expenses |
HOTEL_ACCOMMODATION | Hotel accommodation |
ADVERTISING_EXPENSES | Advertising and/or public relations related expenses |
ADVISORY_FEES | Fees for advisory or consulting service |
BUSINESS_INSURANCE | Business related insurance payment |
INSURANCE_CLAIMS | Insurance claims payment |
DELIVERY_FEES | Delivery fees |
EXPORTED_GOODS | Payments for exported goods |
SERVICE_CHARGES | Payment for services |
LOAN_PAYMENT | Payment of loans |
OFFICE_EXPENSES | Office expenses |
PROPERTY_PURCHASE | Residential property purchase |
PROPERTY_RENTAL | Property rental payment |
ROYALTY_FEES | Royalty, trademark, patent and copyright fees |
SHARES_INVESTMENT | Investment in shares |
FUND_INVESTMENT | Fund investment |
TAX_PAYMENT | Tax payment |
TRANSPORTATION_FEES | Transportation fees |
UTILITY_BILLS | Utility bills |
PERSONAL_TRANSFER | Personal transfer |
SALARY_PAYMENT | Payment of salary |
REWARD_PAYMENT | Payment of rewards |
INFLUENCER_PAYMENT | Payment of Influencer |
OTHER_FEES | Broker, commitment, guarantee and other fees |
OTHER | Other purposes |