When the merchant is ready to submit a request to Instant Bank Transfer to process a payout, the merchant system sends an HTTPS POST request to submit the transaction for processing. Ensure that you have sufficient funds in your Paramount merchant account balance for any payout transactions to be successful.

About Verified Payouts

There are two available consumer verification options, Preferred and Alternate, available for first-time consumer verified payouts:

Preferred

This two-step method allows merchants to verify consumer bank accounts and do their internal fraud and AML checks before sending the payout request to Instant Bank Transfer. This option works well with most merchant cashiers and processes.

The two steps required for this option are:

Use the Consumer Verification API to retrieve an Online Bank Verification (OBV) token that links the Consumer with their bank account.
Process the payout using the direct transaction API. This transaction flow is described in Payout with Token. See Identity Verification for Payouts for more information about the Consumer verification API.

Alternate

This option verifies consumer bank accounts and sends the payout request in a single API call. This option is suited to merchants that prefer an automated payout process while providing an enhanced consumer experience.

For more information, see Alternate.