Payouts API v1.0

Ozow PayoutsPayout Money sent from a merchant to a bank account. Unlike a refund, a payout is not tied to a payment anyone made you, so you can pay anyone with a bank account. Payouts draw on your float rather than on your incoming payments, and they are not self-service: they need approval from Ozow and testing in staging first. allows customers to request withdrawals from merchants. Thanks to Real-Time ClearingReal-Time Clearing Payments that clear immediately rather than waiting for a batch. A batch run settles at set times through the day; a Real-Time Clearing payment moves the funds between the two bank accounts as it is made, so the recipient can rely on them straight away.PayInc (RTC), those withdrawals clearClearing Moving funds between two banks so the recipient can rely on them. It is a separate step from a payment being approved: a payment can succeed and the money still be in transit. Real-Time Clearing is the immediate version. in minutes. At the same time, payouts automation removes the manual payout process and associated staff and admin costs, allowing merchants to payout to unlimited recipients 24 hours a day, seven days a week, with one click of a button. All of this comes in a single, easy to integrate API.