Payouts
Billwerk+ offers a powerful feature known as Payouts, which is built upon the Visa Direct and Mastercard Send infrastructure.
This feature allows you to seamlessly transfer funds to saved Visa or Mastercard-branded cards of your customers within the Billwerk+ platform, using the infrastructure provided by Visa and Mastercard.
Note
This process does not require any prior settlement or capture, offering a convenient and efficient way to disburse funds to your customers.
Visa Direct and Mastercard Send are innovative payment infrastructures that have revolutionized the way funds are transferred to Visa and Mastercard-branded cards, offering fast, secure, and efficient disbursement solutions.
When combined with Billwerk+, these systems create a powerful feature we named Payouts, which provides seamless fund transfers initiated directly from your Billwerk+ platform to your customers' saved Visa or Mastercard-branded cards.
Key Features and Benefits
- Near-Instant transactions • Both Visa Direct and Mastercard Send provide near-real-time transaction capabilities, ensuring that funds reach recipients quickly and seamlessly. When integrated with Billwerk+, this enables businesses to effortlessly disburse payments promptly.
- Global Network • Visa and Mastercard have extensive global networks, connecting millions of cardholders and businesses around the world. This widespread reach guarantees that payments can be made to a diverse audience with varying geographical locations, all within Billwerk+.
- Robust Security • Both systems prioritize security, employing advanced encryption and fraud detection measures to safeguard financial data during transactions. Billwerk+ ensures the protection of sensitive information and the prevention of fraudulent activities.
- Versatile Applications • Visa Direct and Mastercard Send are versatile, accommodating a wide range of use cases. These can include payroll disbursements, insurance claims, peer-to-peer payments, refunds, disbursements for gig economy workers, and more, all made convenient within Billwerk+.
In summary, Visa Direct, Mastercard Send, and Billwerk+ offer a comprehensive solution for swift, secure, and efficient fund transfers. The seamless integration of Visa Direct and Mastercard Send into Billwerk+ empowers businesses to effortlessly disburse payments to their customers' Visa or Mastercard-branded cards, regardless of bank and geographical location.
Enhanced by robust security measures, this combined solution is versatile and suitable for a variety of financial transactions, making it a valuable asset in the modern payment landscape.
Updated 10 months ago
For additional information on Payouts, continue reading the subsequent sections: