Payout
About Payout
Payout is a NICEPAY product that enables you to send some funds to the funds' receiver via Banks and withdraw some funds through NICEPAY's Partner, namely Indomaret, on cash.
Therefore, NICEPAY Payout product divides into 2 services, namely:
- Disbursement: fund-sending service.
- Cashout: withdrawal fund service.
The integration process for SNAP is mandatory for those already using Direct V2/Enterprise V1 services. Please visit the SNAP Implementation page to learn about the SNAP migration process on NICEPAY.
Disbursement Service
Disbursement is a service to send some funds to the fund receiver on a big scale and amount of funds online and real-time. By using this service, Merchants can send the fund across Banks to different receivers at the same time.
This service usually uses when doing payroll, paying off contract service fees, also share cashback from the ad product promo to your Customer.
Cashout Service
Cashout is a cardless withdrawal service available in Convenience Stores and can use by Merchants for their Customer. NICEPAY currently cooperates with Indomaret to provide Cashout service in all Indomaret retail in Indonesia.
- Please visit the Payout Method page to learn further information about the Cashout service.
Learn further detail about the Cashout method in Indomaret through the demonstration below.
Benefit Using the NICEPAY Payout
The Payout system has a lot of benefits for Merchant, such as:
- Merchants can transfer to many receivers and more than one Bank on a one-time transaction.
- Fund sending process between the Bank is easy, fast, and secure.
- Send the fund to more than 140 Banks registered in Indonesia.
- Facilitate the fund transfer programmatically using an API.
- Transaction report is clear, consistent, detailed, and accurate.
- Fulfill with the Fund Transfer Providers standard from Bank Indonesia.
- Make it easier for the Customer to withdraw funds through Indomaret without using any ATM machine.
Please visit Product & Service Fee page for further information about the standard fee.
See also
Visit the Messaging page to learn about NICEPAY's messaging service.
Visit the Payout API (Disbursement) - SNAP page to learn the detail of the SNAP API used.