TransFi

Payments & Operations

Payouts

Global payments just got easier! With our digital payouts solution, you can make international payments to third parties using fiat funds.

How do I add a contact? How do I create a new contact for sending a new Payout?

To add or create a new contact for sending a payout, follow these steps:

Navigate to the "Contacts" Tab: After logging into your TransFi Payout account, go to the "Contacts" section from the main menu.
Click on "Add Contact": In the "Contacts" section, click the "Add Contact" button.
Enter Contact Details:

Select the Contact Type: Choose whether the contact is an individual or a business.
Provide Contact Information: Fill in the required fields, such as name, email address, and any additional details needed for the contact.

Select the Preferred Currency:some text
1. For Digital Assets (Stable Coins): If your contact prefers to receive payments in digital assets, add their wallet address, business registration number, and registration date (if applicable).
2. For Fiat Currency: If they prefer to receive payments in fiat currency, add the account/wallet details, business registration number, and registration date.
Save the Contact: Once all details are filled in, click "Save" to complete the process. The contact is now added and can be selected for future payouts.

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How do I manage transactions and track settlement status?

To manage transactions and track settlement status, follow these steps:

Navigate to the "Transactions" Tab: Once logged into your TransFi Payout account, go to the "Transactions" section in the main menu.
Choose Transaction Type: Select the type of transaction you want to review, such as "All," "Individual Payments," or "Add Money."
View Recent Transactions: The dashboard will display recent activity-related transactions. You can view details of these transactions directly from this screen.
Access the Transaction Receipt: To get more details about a specific transaction, click on the "eye" icon. This will open the transaction receipt and display its full details, including the processing steps and settlement status.

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How do I perform a payout?

Follow these steps to send a payout through TransFi:

Use your credentials to access your account on the TransFi Payout Dashboard.

Navigate to "Send Money"

Once logged in, locate and click on the "Send Money" option in the left-hand corner of the dashboard.

Select "Make Payment"

From the options available, select "Make Payment" to proceed with the payout process.

Fill in the Payout Form

Complete the required details on the payout form:

Choose Contact: Select the recipient from your contact list.

Account Type: Specify the type of account you are sending the payout to.

Pay From Information: Enter the account details from which the funds will be debited.

Enter and Confirm the Amount

Input the amount you wish to send and review the details to ensure accuracy.

Confirm the transaction to finalize the payout.

If you encounter any issues or need further assistance, please contact our support team.

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How to PreFund my account?

Follow these steps to prefund your account on the TransFi Payout Platform:

1. Login to Your Account: Ensure you are logged into your TransFi Payout account.

2. Navigate to "My Accounts": From the main menu, select the "My Accounts" tab.

3. Select Currency: Choose the currency you want to use for prefunding your account. Click on "Add Money" next to the chosen currency.

4. Enter Amount: Specify the amount you want to prefund. Ensure this amount meets or exceeds the minimum required balance.

a. View Fees: You can click on "Show Fees" to view any applicable deductions.

b. Review Balances: The screen will display your current balance and the updated balance after prefunding.

5. Complete the Transaction: Select your preferred payment method and complete the transaction.

6. Confirmation and Receipt: Once the prefunding is complete, you will receive a confirmation and can download the receipt for your records.

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How to approve/reject a payout?

To approve or reject a payout, follow these simple steps:

Go to the "Approvals" Tab: Once logged into your TransFi Payout account, navigate to the "Approvals" section from the main menu.
Find the Transaction: Locate the payout transaction you wish to approve or reject from the list of pending transactions.

Select Action: Click the "Approve" button to confirm the payout or click the "Reject" button to decline it. Your action will be processed immediately.

How long it may take to complete my payout may be individual or bulk?

Transfers can be instant or batched depending on your configuration. In Instant payouts, we initiate the payout on a realtime basis to the recipient and it is processed as per bank settlement cycle. For batched payouts, the payouts are processed in a batch as per pre-agreed cutoff time post which it is processed as per bank settlement cycle

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Is KYC Mandatory for my customers?

No, the client's customers will not need to provide Proof of Identity for every transaction. The TransFi Payouts Product does not require KYC (Know Your Customer) of the recipient for each transaction. However, TransFi reserves the right to conduct KYC/KYB at its discretion.

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This streamlined process helps to ensure that transactions are efficient and hassle-free for clients and their customers while maintaining the necessary compliance and security measures managed by TransFi.

What are the different roles and Permissions Accesible in Payouts Product?

Admin Roles and Their Permissions

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Admin

Full access to all features and functionalities.

Can add, remove, or change user roles.

Can view and manage wallet balances.

Can create, approve, and manage transactions.

Can add and edit contacts and subaccounts.

Has access to API keys and KYB details.

Can manage the KYB process and view related documentation.

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Maker

Can view wallet balances.

Can create transactions but cannot approve them.

Can add and edit contacts and subaccounts.

Limited to creating and viewing transactions.

Cannot manage user roles or access KYB details.

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Checker

Can view wallet balances.

Responsible for approving or rejecting transactions.

Can view and manage transaction details.

Cannot create transactions but ensures their validity before approval.

Can manage the approval queue for transactions.

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Finance Manager

View-only access to reports and analytics.

Can download financial reports.

Cannot create, approve, or manage transactions.

Limited to viewing wallet balances and transaction details.

No permissions to manage user roles or KYB details.

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Which currencies are supported in Payouts Product?

Includes but is not limited to:

EUR (Euro) -

GBP (British Pound Sterling) - United Kingdom

BRL (Brazilian Real) - Brazil

MXN (Mexican Peso) - Mexico

COP (Colombian Peso) - Colombia

CLP (Chilean Peso) - Chile

IDR (Indonesian Rupiah) - Indonesia

MYR (Malaysian Ringgit) - Malaysia

THB (Thai Baht) - Thailand

PHP (Philippine Peso) - Philippines

VND (Vietnamese Dong) - Vietnam

ZAR (South African Rand) - South Africa

NGN (Nigerian Naira) - Nigeria

USD (United States Dollar) - United States

AUD (Australian Dollar) - Australia

NZD (New Zealand Dollar) - New Zealand

JPY (Japanese Yen) - Japan

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Ready to simplify global payments?

Send, receive, and swap funds worldwide with ease and transparency—across 70+ countries and 40+ currencies.

Start using TransFi

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About Transfi Ramp

Effortless Cross-Border Payment Collections

As the world becomes more interconnected and businesses engage in global trade, the seamless collection of payments from across the globe is increasingly important. Whether you're an eCommerce merchant, a freelancer, or a global enterprise, TransFi’s Collections make collecting payments from customers and partners worldwide not only easy but also secure and efficient. TransFi eliminates unnecessary delays and currency exchange complexities, ensuring your funds are always readily accessible. Our Collections product provides a fully compliant, scalable payment infrastructure with support for over 50 currencies, offering instant settlements in stablecoins or other fiat and digital currencies.

By using TransFi’s Collections, businesses can provide their customers with easy-to-use and familiar local payment options. Our Collections product not only automates business payments but also streamlines global transactions, ensuring the utmost efficiency and reliability for businesses worldwide.

Global Payment Collection, Simplified

Due to differences in regulations, methods of payment, and currency exchange rates, international payments can be difficult to manage. TransFi Collections overcomes these barriers by providing a single platform for companies that allows for multiple methods of payment, such as bank transfers, e-wallets, and stablecoin settlements. This enhances operational efficiency and reduces manual work by allowing businesses to track, manage and reconcile payments through a single dashboard.

TransFi allows businesses to automatically generate and manage invoices, attach supporting documents, and issue reminders to customers to foster effective collections. This proactive approach reduces payment disputes and delays, all while improving cashflow and financial management.

Seamless Payment Collection Experience for Businesses and Customers

TransFi Collections is designed to give businesses an efficient and smooth payment solution with the assurance of a secure and frictionless customer experience. Through our platform, businesses can accept payments in local currencies and convert automatically to stablecoins or fiat, making the hassles of currency exchange a thing of the past. With rapid and trusted settlement, businesses do not have to wait for slow international banking processing times anymore, gaining quicker access to funds. Our APIs can also be incorporated directly within the platforms of businesses, minimizing manual intervention and facilitating payment processing. TransFi Collections also provides real-time insight into transactions using different analytics and reporting tools, empowering businesses with key insights. No matter your requirement, be it managing recurring payments, processing single invoices, or dealing with bulk collections, our solution automates payment workflows to reduce administrative efforts and maximize efficiency. By simplifying the payment processes for both companies and their clients, TransFi Collections optimizes financial operations so that firms can concentrate on development and customer satisfaction without worrying about delays in settlement or complicated integrations.

Benefits of Partnering with TransFi for Cross- Border Payment Collections

Collaborating with TransFi for cross-border payment collections guarantees an efficient and seamless process for companies across the world. With borderless payment collection, companies can receive payments anywhere in the world without having to go through different banking networks or paying high conversion charges. TransFi Collections allows companies to collect money from foreign customers through local payment channels, thus providing greater reach and conversion rates. Real-time settlements remove the delays of traditional banking and allow payments to be made in stablecoins or fiat instantly, providing continuous cash flow. Automated invoice processing streamlines payment processes, saving manual labor and boosting efficiency by creating invoices, adding required documents, and sending timely reminders. Scalable API integration enables businesses to seamlessly integrate TransFi Collections into their current platforms, making global payment collection scalable and efficient. Advanced security and compliance provide the assurance that all transactions are encrypted, secure, and regulated to the highest standards. TransFi Collections is not merely a payment gateway but a full suite of solutions empowering businesses with scalable, compliant, and efficient payment collection services. Whether you collect payments from suppliers, freelancers, or international customers, our platform provides timely, cost-saving, and secure transactions. Step into a digital future of payments with TransFi and feel the force of borderless, seamless collections.

Empower Your Business with TransFi Payment Collections

TransFi Collections is not only a payment gateway but a complete solution that empowers businesses operating across borders with secure, cost-effective, compliant, as well as scalable payment collection tools. From payment collections for goods and services to e-commerce transactions, TransFi Collections provides effortless, secure, and instantaneous settlements.

With TransFi, businesses can experience the future of digital payments and the power of borderless and hassle-free collections. Our user-friendly dashboard facilitates seamless transactions and allows businesses to collect payments against goods and services, experiencing transaction speeds in seconds. Freelancers and influencers can also benefit from real-time transactions, enhancing the efficiency of their global payment collections. Using our secure and scalable stack, e-commerce businesses can achieve 90%+ conversion rates, 99%+ uptime, and low latency, ensuring enterprise-level performance.

Integrate TransFi Collections with your business and experience secure, seamless, and scalable payments that are not only efficient and reliable but also globally compliant.