Payout to Bank Message Sequences
When you create a payout to a bank, the funds are transferred from the Rapyd Wallet to the payee’s bank account.
Create Payout to Bank - Success
The client provides the bank account details and issues a transaction to credit the payee's bank account.
The client sends a Create Payout request to Rapyd.
Rapyd sends a response with details of the payout transaction. The status of the payout is set to Created.
Rapyd sends the Payout Created webhook.
Rapyd initiates a transfer to the bank.
The bank accepts the transfer.
Rapyd sends Webhook - Payout Completed and debits the relevant client wallet. The status of the payout is set to Completed.
Create Payout to Bank - Payout Failed
The payout fails when the bank rejects the transfer request. This might occur if the bank account was closed.
The client sends a Create Payout request to Rapyd.
Rapyd sends a response with details of the payout transaction. The status of the payout is set to Created.
Rapyd sends the Payout Created webhook.
Rapyd initiates a transfer to the bank.
The bank rejects the transfer request.
Rapyd sends Webhook - Payout Failed. The status is set to Error.