TrueLayer Instant Payouts provides a solution for businesses to disburse funds to their customers rapidly, aiming to enhance customer trust and loyalty. This service facilitates immediate transfers for various scenarios such as refunds, winnings, withdrawals, or earnings, settling funds into customer bank accounts within seconds. The platform automates payout processes, significantly reducing manual effort, operational costs, and the risk of fraud. It supports multiple currencies and operates across 22 European markets through a single API, simplifying cross-border transactions. The service is fully white-label, ensuring brand visibility throughout the customer experience, including bank statements. Key features include smart automation for retries and re-routing to achieve a 99.1% success rate, instant bank-to-bank settlement using SEPA Instant and Faster Payments, and a real-time dashboard for monitoring payout statuses and errors. Additionally, an optional Verification API can be integrated to reduce fraud by verifying customer identities and bank account details. Integration is designed to be straightforward, with ready-made UIs for mobile and web, and easy plugins for popular e-commerce platforms like WooCommerce, Shopify, and Magento. The Console provides a centralized hub for managing payouts, billing, reconciliation, and customer notifications.

Features & Benefits

• Instant Fund Disbursement: Sends funds to customers in seconds for refunds, winnings, withdrawals, or earnings.
• Boosts Customer Loyalty & Sales: Reduces wait times for payouts, encouraging repeat business and customer retention.
• Lowers Operational Costs: Automates payout processes, reducing manual input and fraud risk.
• Scales Across Currencies & Markets: Supports transactions in GBP, EUR, and PLN across 22 European markets via a single API.
• White-Label Experience: Maintains brand visibility throughout the payout process for enhanced brand recognition.
• Smart Automation for High Success Rates: Automates retries, queuing, and re-routing to achieve up to 99.1% payout success.
• Real-time Dashboard & Reporting: Provides clear visibility of payout statuses, notifications, and error reasons.
• Optional Verification API: Helps minimize fraud by verifying customer identities and bank account details.