Payout Introduction
Vendor payments, loan disbursement, credit card bill payments etc. traditionally did not have a unified system for processing the outstanding amounts. Juspay Payout aims to provide a unified system by integrating with multiple banks/partners and thereby increasing both uptime and payment rails available to the merchant.
Juspay takes a technology-first approach and has built the stack from the ground up to ensure a great level of reliability. By using safe coding techniques and persistent workflow systems, we achieve correctness both at the system level and business logic.
Payout amount tends to be a significant amount, hence, we need to take extra care in the way payments are handled.
At Juspay, we have abstracted the bank/partners integrations and through our dynamic routing/retry mechanism to increase the success rate.
Supported payment rails
Payment to a beneficiary can be achieved via the following modes:
- IMPS
- NEFT
- Visa Direct
- Mastercard Send
- UPI (push to VPA)
- Wallets
Supported Banks and Aggregators
| Payout method | Yesbank | Cashfree | Paytm |
|---|---|---|---|
| IMPS | Y | Y | Y |
| NEFT | Y | Y | Y |
| Visa Direct | Y | N | N |
| Mastercard Send | Y | N | N |
| UPI (push to VPA) | Y | Y | Y |
| Wallets | N | N | Y |
Link here for more details (Link of Payout Advantages)
Updated about 2 years ago