Overview

Payouts

is a funds transfer service that enables an

originator

to send funds on behalf of itself, merchants, or customers to a recipient’s payment card account using an

original credit transaction

(OCT). An originator is a merchant, government entity, or corporation with a merchant account at an acquiring bank. The funds are made available to the recipient as quickly as within 30 minutes or a maximum of two business days, depending on the recipient’s issuing bank.

You can implement

Payouts

services as part of these types of business flows:

Credit card bill payment—Originator enables customers to pay a credit card bill. Credit card bill payments are not the same as Visa Bill Pay.
Funds disbursements—Originator sends funds to a recipient’s payment card account.
Prepaid load—Originator enables customers to load or reload funds to an eligible reloadable prepaid card.

No merchant goods are involved in

Payouts

transactions.