• What are Payouts?

  Instantpay Payouts is a payment disbursal system designed to help businesses efficiently send and manage payments for various purposes, including vendor payouts, customer refunds, salary disbursals, and on-demand payouts. With Instantpay, you can easily connect your business's bank accounts from leading banks and initiate single and bulk payouts to your beneficiaries' bank accounts, cards, or wallets.Few readers

• Who can use Payouts?

  Businesses of all sizes and types can use Instantpay Payouts to send mass payments to groups of recipients, including employees, customers, partners, etc. With the Instantpay dashboard, you can easily process individual or bulk payouts. Alternatively, you can integrate the Payouts APIs into your product or system to streamline business payouts.Few readers

• How are Payouts different from traditional bank transfers?

  Instantpay Payouts offer a range of features that make bulk and scheduled transfers easier for businesses. The app or web-based platform automatically handles reconciliation for failed or invalid transfers. Adding and activating new beneficiaries is quick and easy with Instantpay. You can also manage an unlimited number of beneficiaries and make transfers to bank accounts, UPI IDs, wallets, and more. Plus, you can send money anytime, 24/7. Businesses can use APIs to automate the entire payout prFew readers

• How to make payouts?

  Instantpay allows businesses to make payouts directly from their Instantpay account. Simply create an account on Instantpay and link your business's bank account to enable fast payouts to beneficiaries.Few readers

• What are Bulk Payouts?

  Bulk payouts allow you to send a large number of payments to multiple recipients at once by uploading a single file in the required format (.csv or .xls). Businesses use bulk payouts to disburse funds to employees, customers, or vendors, and they can be made through a variety of payment methods, such as bank transfers, cards, or digital wallets. It's an efficient way to send, manage, and reconcile multiple payments.Few readers

• Is a business registration required to use Instantpay payouts?

  Yes. You need to be a registered business to use Instantpay Payouts.Some readers

• Can I make payouts to all banks or bank accounts?

  Yes, you can send payouts to any active Indian savings or current bank account using any preferred mode of transfer like IMPS, NEFT, RTGS, and UPI.Few readers

• Do Instantpay payouts work on all days?

  Instantpay payouts work every day and at all times, including on Sundays and holidays.Few readers

• Is there a transaction limit?

  There are no transaction limits in terms of the number or value of transactions. The guidelines for these transactions are set by the Reserve Bank of India and depend on the mode of payment you are using.Few readers

• How to add a beneficiary?

  There is an option for a contact book on the Instantpay Dashboard, from which you can add, manage, and delete beneficiaries. You can categorise beneficiaries like customers, vendors, or employees and add beneficiaries with details like name, business, mobile, bank account, etc.Few readers