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Documentation

Bank Payout Czech Republic

Disburse funds directly to a bank account. | Enterprise

cz_ach_bank is a new local bank payout method type used for payouts in the Czech Republic. A sender can disburse funds into a beneficiary’s bank account in the Czech Republic. This payout method supports several banks in the region and allows the beneficiary to be paid in the country's local currency.

The benefits for the user include the ability to create payouts through local bank transfers and disburse funds into Czech bank accounts.

Finding Required Fields for the Payout Method Type

You need to find the required fields for each payout method type.

For that, you'll use Get Payout Required Fields. Enter cz_ach_bank as the value for the payout_method_type path parameter.

Requesting a Payout

Use Create Payout with the following parameters:

Create Payout Request Parameters

Body Parameter

Description

ewallet

Enter the wallet 'id' that you received when you created the company wallet in your sandbox.

payout_amount

Enter 100 as the amount received by the beneficiary.

payout_method_type

Enter cz_ach_bank as the payout method type.

sender_currency

Enter USD as the code for United States Dollar, the sender's currency.

sender_country

Enter US as the code for the United States, the sender's country.

beneficiary_country

Enter CZ as the code for the Czech Republic, the beneficiary's country.

payout_currency

Enter CZK as the code for Czech Koruna, the currency received by the beneficiary.

sender_entity_type

Enter ‘individual’ as the type of entity for the sender.

beneficiary_entity_type

Enter ‘individual’ as the type of entity for the beneficiary.

beneficiary

Enter a beneficiary object that has the following fields:

  • company_name - company

  • first_name - individual

  • last_name - individual

  • iban - individual or company

  • bic_swift - individual or company

  • address - individual or company

  • city - individual or company

  • state - individual or company

  • country - individual or company

  • postcode - individual or company

sender

Enter a sender object that has the following fields:

  • company_name - company

  • country_of_incorporation - company

  • date_of_incorporation - company

  • identification_value - company

  • first_name - individual

  • last_name - individual

  • nationality - individual

  • date_of_birth - individual

  • identification_value - individual

  • identification_type - individual

  • address - individual or company

  • city - individual or company

  • state - individual or company

  • country - individual or company

  • postcode - individual or company

description

Enter ‘salary payout - wallet to bank account’ as the description of the payout transaction.

payout_options

Enter a payout_options object with the following fields:

  • statement_descriptor

Create Payout Response

Create Payout describes the fields in the response.

Local Bank Payout Czech Republic Details

Details

Description

Payout Method Category

bank

Payout Request String

POMT = cz_ach_bank

Country

Czech Republic

Sender Currency

USD, ISK, GBP, EUR, SGD, HKD, AUD

Transaction Limits

N/A

Settlement Timeframe

3 days

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