Rapyd Disburse FAQs
Rapyd Disburse is a cloud-based platform that businesses can use to pay contractors, workers, suppliers or any business anywhere in the world.
Reach - Unlike most disbursement solutions, Rapyd Disburse can complete payouts to over 100 countries, more than 65 currencies, and can disburse funds using wallets, cards, bank transfers, or cash.
Speed - Rapyd Disburse supports simple to complex use cases. Using the Rapid Client Portal, businesses can upload CSV files and start disbursing funds immediately. Or, they can use our API and add disbursement features into their existing treasury systems.
Technology - Building from our Fintech as a Service approach, businesses can integrate built-in capabilities like our validation engine, beneficiary tokenization, recurring payouts, and more.
If your business employs or hires short or long-term contractors, employs people outside the country your business operates in or if your business has a need for remittances and sends funds to vendors, businesses, or workers in multiple countries on a regular basis.
Rapyd Disburse is a great fit if your business needs to send money to businesses or people in any region anywhere in the world.
There are three primary ways that the disbursement product can be used:
Using a simple user interface (Rapyd Client Portal) to import a CSV file.
Export an XML file using the ISO 20022 messaging format to Rapyd SFTP.
Use the Rapyd Disburse API to integrate disburse features into an existing app.
Rapyd Disburse is designed for businesses of any size.
If you need to start disbursing funds immediately, you can use the Rapyd Client Portal, easily upload a CSV with the required beneficiary information and start disbursing funds to anyone, anywhere in the world.
If your company has a developer on staff, they can use our API and integrate our disbursement features into your existing application or treasury system.
The XML file import is our third option. Your business can create an XML file using the ISO 20022 messaging format and then send it to a secure directory where Rapyd imports and processes the file at a predetermined time.
Yes, our platform can support recurring payouts. This is a great feature to use if you need to send payments to vendors or contractors on a regular basis.
Absolutely. Rapyd Disburse has foreign exchange built-in. You can either choose to approve the currency rate before disbursing funds, or, you can set it up so that the amount is sent regardless of the currency rate.
Semantics. Both are referring to transferring funds from one party to multiple parties.
Beneficiaries are the receivers at the other end of the payout or disbursement. For example, Uber disburses funds to thousands of individual beneficiaries.