Bankout provides access to more than 300 domestic bank accounts through a single connection and using a routing to match the payout bank with that of the recipient. Merchants submit a file by batch or by API with the details of the recipients that need to be paid and WorldPay manages the transfer of funds. Merchants can specify fixed amounts to be paid either from the merchants’ own account or delivered into the recipients’ account in the local currency.
Merchants are provided with a single view of their worldwide Bankout payments within the Merchant Administration System. The system provides upfront validation of payment files to cross-reference the bank account details and identify any potential delays. If a transaction is rejected, reversed or repaired there is no cost. For transactions above EUR 50,000, Bankout supports SWIFT to more than 190 countries.
WorldPay has more than 200 national and international payment methods and operates in over 40 countries worldwide.
For more information about WorldPay, please check out a detailed profile of this company in our dedicated, industry-specific online companies database.
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