Global payment solution provider Checkout.com announced on Tuesday it is launching its Payouts Product, which will enable merchants to make payments directly to eligible recipients’ cards and bank accounts. According to Checkout.com, the solution will enable merchants to make payouts in real-time to more than four billion cards in over 174 countries and seamless payments to local bank accounts in over 40 countries around the world.
“Payouts will enable the remittance, digital wallet, travel, insurance, and the gig economy industries to deliver more efficient, faster payments as a competitive differentiator. Checkout.com is the only payment service provider to have built a completely new infrastructure that spans the entire payouts value chain.”
Guillaume Pousaz, CEO and Founder of Checkout.com, shared more details about the product by stating:
“Checkout.com’s payouts solutions will give merchants the ability to facilitate the movement of money more freely. This is part of our commitment to removing the financial complexity for merchants, allowing them to innovate and unlock new growth opportunities.”
Founded in 2012, Checkout.com helps companies accept more payments around the world through one integration. Its global payment processing platform features in-country acquiring, relevant payment methods, feature parity across geographies, fraud filters, and reporting features, through one API. The company recently secured its E-Money Institution license in France by the Autorité de Contrôle Prudentiel et de Résolution (ACPR). Checkout.com further revealed that it has processed more than 150 currencies and offers access to all international cards and popular local payment methods to merchants through its proprietary integrated platform. The company employs over 750 staff across 13 offices globally.