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Payout Method Type

Information about payout method types you can assign to beneficiaries (payees).

A payout method type is a type of payout method that the client can use to pay money out of the Rapyd wallet, for example es_general_bank, bank transfer to Spain. The name of the payout method type starts with a prefix for the country, the 2-letter ISO 3166-1 alpha-2 code. If the payout method is valid in multiple countries, the prefix is xx_. The payout method type has a suffix with one of the following values:

  • _bank - Bank transfer

  • _card - Credit card, debit card or other card

  • _cash - Cash

  • _ewallet - Local eWallet

If the payout method is a card, the sensitive card details or the beneficiary can be handled only by a merchant that is PCI compliant or an app that is under the exclusive control of the card holder. A merchant that is not PCI compliant can use a beneficiary ID ('token') that is generated by a hosted page. To generate a beneficiary ID, use one of the following methods:

Methods