Learn how to use the Payout API and the payout methods offered by StraitsX.
The Payout API allows you to send payouts to your users. It supports the following fast, low-cost and secure payout methods:
- Fiat (SGD): Users receive payouts via bank transfer on the FAST network
- Token (XSGD): Users receive payouts in their Personal Accounts
Ensure that you have the following prerequisites:
- You have setup the Customer Profile Flow and have added a bank account to create a payment for your user.
The Payout API supports local bank transfers via the FAST network. You can use the user account token to send bank transfer payouts from your Business Account. It usually takes 1 hour for bank transfer payouts to be processed. You'll be able to notify your users when their payout has successfully completed through callbacks sent from the API.
The Payout API also supports XSGD payouts to your user's Personal Accounts. You can use the user account token to send payouts from your Business Account to their Personal Accounts. You'll be notified when the account payout has successfully been made.
Getting started with StraitsX APIs is easy. Our business development and integration teams will be with you every step of the way. If you have any questions or would like to connect with our team, please do so via Support!
Updated almost 2 years ago