How can global companies face the new challenges of expanding in Latin America and paying their local contractors and gig workers in their local currency?
Every company has its own unique financial plan. Strategies aimed toward growth often require creative solutions to achieve their goals.
To get ahead, many companies find payouts a reliable payment system. Payouts offer options to build and prosper over a period of time.
A payout solution allows the scalability and control of mass payments, making it possible to send money quickly to payees, suppliers, gig workers, and salespeople. Read about why payouts might be right for your business.
What is Payout?
A Payout is a solution that allows you to pay your local service providers, suppliers, gig workers, and partners in Latin America in their local currency from anywhere in the world.
Through Payout, companies can scale their businesses, especially if they are marketplaces, delivery companies, or OTAs.
What is the Difference between Payout and Payee?
Terminology can sometimes look alike, but some words that seem similar have very different meanings; such is the case for payout versus payee.
A payout refers to a solution to pay local service providers. However, the payee is the entity that receives the payout. For every payout, there is a payee.
The Payee is a party in an exchange of goods or services who receives payment. These usually are sellers and/or service providers as freelancers and gig workers.
Who can use Payout
What Benefits do Payouts Offer Businesses?
Payout payment method diversity: The payee can receive their funds in a bank account or digital wallet.
Localized customer support: Counting on our customer support in the local language in all steps.
Fast processing: Payments are sent and received in up to 3 business days.
Payee onboarding: An intuitive interface to make it easier to collect all necessary personal data and verify payees’ identity.