TrueLayer Payouts lets you achieve a great customer experience by enabling instant refunds and withdrawals on the fastest payments rails, while ensuring a compliance focused process. Supported by open banking-enabled account verification, it makes sure you’re paying the right account, right away.
Here’s what that could do for your business:
- Boost customer loyalty by initiating payouts that settle the very next second, 24/7. That’s far faster than the five days cards or Bacs can take.
- Eliminate the cost of lost or failed payouts by using bank-verified account information to automate payment setup.
- Ditch manual tracking processes by initiating payouts via a single API, removing errors from the whole equation.
- Streamline due diligence and instantly confirm account ownership by verifying that a user’s name matches with what’s on file at their bank.