Overview
Our disbursements product, made up of our Transfers and top-up features offer a comprehensive suite of features to streamline your financial operations.
Paystack's Transfer feature empowers businesses to seamlessly send funds to customer bank and mobile money accounts in their country. This functionality is fundamental for companies managing payouts, salaries, customer withdrawals, vendor payments etc.
To power your Transfers, we built an efficient auto top-up feature to help you fund a Paystack Balance. Think of your Paystack Balance as an account that holds funds you can use to make transfers.
In addition, the Paystack PT account, designed in collaboration with a Nigerian bank to enhance the transfer capabilities for Nigeria-based Paystack businesses, gives you a regular bank account that will act as your Paystack Balance. This means that sending money into this account will automatically top up your balance with us.
Common use cases
For betting services, seamless and timely transfer of funds to customers is a crucial part of the industry. Paystack Transfers ensure quick and reliable customer withdrawals so customers can receive their winnings promptly, creating a positive customer experience.
Lending services can use Paystack Transfers to distribute loans to customers efficiently. The secure and automated system streamlines the loan disbursement process, ensuring a smooth experience for both lenders and borrowers.
For wallet and savings services, Paystack Transfers simplify fund disbursements. Businesses can efficiently send funds for interest payments, savings withdrawals, or incentives, fostering trust and satisfaction among users.
Please feel free to reach out to us via email at support@paystack.com or via our contact form if you have any questions.