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Payout Process

Payout Process​

  1. The customer creates a payout request on the business partner’s checkout.

  2. The business partner validates and completes the request, then forwards it to PaysafeCard.
    The business partner provides the customer’s personal details as well as other information, such as the payout amount and beneficiary account information.

  3. PaysafeCard and SafetyPay perform validations and send the request to the partner bank.
    PaysafeCard validates the available balance of the business partner’s account. SafetyPay executes an AML screening using an international AML provider.

  4. The partner bank validates the payee and executes the payout.
    The partner bank compares the personal information provided by the business partner with the records owned by the bank. If the information does not match, the payout may fail.

  5. PaysafeCard notifies the merchant of the payout result.
    PaysafeCard notifies the merchant about the result