Overview

Payouts, also referred to as disbursements, are outbound fund transfers made from your merchant account to any bank account. This feature enables businesses to efficiently manage payments to vendors, suppliers, or customers.

You can easily create and manage payouts directly from your dashboard or through Novac Payout API. The API provides a simple and secure way to transfer funds, requiring only the recipient’s bank details to initiate transactions.

To make a payout, all you need is

• A Novac Account: Create your account here.
• Sufficient Available Balance: Ensure your account balance is funded adequately (Check your balance here).
• Recipient’s Details: Provide the necessary bank details to initiate the payout.

Novac payouts are secure, and many merchants choose them for the reasons listed below:

• Detailed Records: Access your complete payout history at any time, with notifications for any changes made to your payments. Easily retrieve transaction history for accounting and reconciliation purposes.
• Reduced Risk: Benefit from Novac advanced risk and compliance controls, designed to help you minimize fraud and ensure secure transactions.
• Flexible Integration: Enjoy a straightforward and hassle-free integration process with the Payout API, enabling you to quickly implement and manage payouts within your systems.