Bank Payout United Arab Emirates
Disburse funds directly to a bank account. | Enterprise
ae_ach_bank is a new local bank payout method type used for payouts in the United Arab Emirates. A sender can disburse funds into a beneficiary’s bank account in the United Arab Emirates. 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 UAE bank accounts.
You need to find the required fields for each payout method type.
For that, you'll use Get Payout Required Fields. Enter ae_ach_bank as the value for the payout_method_type path parameter.
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 ae_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 AE as the code for the United Arab Emirates, the beneficiary's country. |
payout_currency | Enter AED as the code for the UAE Dirham, 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
|
sender | Enter a
|
description | Enter ‘salary payout - wallet to bank account’ as the description of the payout transaction. |
payout_options | Enter a
|
Create Payout describes the fields in the response.
Details | Description |
Payout Method Category | bank |
Payout Request String | POMT = ae_ach_bank |
Country | United Arab Emirates |
Sender Currency | USD, ISK, GBP, EUR, SGD, HKD, AUD |
Transaction Limits | N/A |
Settlement Timeframe | 3 days |