Add beneficiaries instantly using penny drop
Using the penny drop feature, you can add beneficiaries instantly. Verification through this facility is useful for businesses of all sizes. Interestingly because it allows us to verify the submitted Bank account details, ensuring that the credentials you shared for the payment transfer are correct and is the same account you suggested to use before starting actual transfers into or out from same such as salary, expenses etc.
Multiple payout methods to choose from
Payments have crossed the boundaries of Banks and there are multiple forms that businesses are adopting. Pay10 offers multiple payout methods so you can send funds directly to your payees' bank accounts, cards, and wallets, which means that payees can get their payment safely. Quick- payout processing - let alone highly secure in a mode of your choice, is what you need for your financial transactions.
Bulk payouts no longer bulky
Eliminate the need for slower and more dangerous bulk cash-outs by making instant payouts to vendors. Pay10 offers you a simpler alternative to doing bulk payouts by letting you add beneficiaries in bulk; do numerous payouts in a shot; upload compatible accounting software files which match with our formats; and send funds easily via their User Interface. With simplified technology and interfaces like these, bulk payouts will never be the same again.
Verify bank accounts with the payouts API
The Pay10 payout API makes it possible for you verify bank accounts. A customer's bank account must first be verified before they can make a real purchase, this service from Pay10 enables them to authenticate the same. Match the name provided by beneficiary with name at bank and minimize the failed or transfer reversals. You will also know the accurate reason for verification failure.