Overview

Payouts (also called disbursements) are outbound transfers from your Transactpay merchant account to any bank account.

You can send both single and bulk payouts via:

• Your Dashboard (no coding required)
• The Payout API (automated disbursements)

Whether you're paying one freelancer or disbursing salaries to thousands, Transactpay is fast, secure, and scalable.

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How to Send a Payout

You have two options:

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1. From the Dashboard

Perfect for quick, one-off or CSV-based bulk payouts.

Steps:

• Log in to your Transactpay Dashboard
• Go to Payouts
• Click New Payout (single) or Bulk Upload (CSV)
• Enter payout details
• Submit and confirm

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2. Via the Payout API

Best for automated, programmatic disbursements.

Benefits:

• Integrate with your backend system
• Send payouts using recipient bank details
• Get real-time status updates via webhooks

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Developer Tip:

The API supports batching and can process large-scale disbursements with high reliability. View API Documentation

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Requirements to Send a Payout

Make sure you have:

A Transactpay Account

Sign up here

A Funded Wallet

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Warning:

Payouts will fail if your wallet balance is insufficient. Make sure to top up your balance before initiating a payout.

Recipient Details

You’ll need:

• Bank name
• Account number
• Account holder's full name

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Note:

Double-check all recipient information before submission. Incorrect bank details may result in failed payouts or delayed processing.

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Why Use Transactpay for Payouts?

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Important Notes

Processing Time

• Most payouts are instant
• Some banks may take up to 24 hours

Daily Limits

• Daily transaction caps apply
• Contact support to increase limits

Failed Payouts

• You’ll be notified (email or webhook)
• Retry after resolving the issue

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Summary

Transactpay Payouts are the easiest way to send funds to anyone:

✅ Fast✅ Secure✅ Scalable

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Need help? Contact Support or visit our Developer Hub