Overview
Enable merchants to payout throughout Latin America in local currency to sales teams, content creators, suppliers, and partners without conducting hundreds of international wire transfers.
Why use Bamboo Payouts?
Dispersing funds to third parties in Latin American markets is complex. It involves having connections with banks in each country and several legal considerations.
The current model has been a restriction for businesses that do not have local operations and want to pay third parties from other countries.
Bamboo Payouts offers you a payment system to allow mass transfers to third parties, using API or the dashboard, with updates on the status of transactions and notifications via e-mail to you and your third parties.
How do Bamboo Payouts work?
Using Bamboo Payouts, you can efficiently disburse the funds settled in your account to local beneficiary accounts. The following image briefly explains the process.
You can configure the Payout fee to be assumed by you or the payee. For more information about pricing and activation of the services, contact our local experts.
Benefits
- Availability - We offer Bank Transfers and other alternative transfers, such as Nequi in Colombia.
- Technology - Connect fast and easily using our API for all countries.
- Reliability - Industry experts created our solution.
- Coverage - Our service is in 24 countries and counting!
- Transparency - You get an easy-to-navigate Merchant panel with balances available in real time!
- Flexibility - You or your payee can assume the payout fee.
Payout models
Bamboo Payouts offers four models that means a combination of origin and destination currency.
- USD to Local (USD2L): the payout is requested in US Dollars and the payee receives the funds in local currency.
- Local to Local (L2L): the payout is requested in local currency and the payee receives the funds in local currency. In this model, the country of origin and recipient must be the same.
- USD to USD (USD2USD): the payout is requested in US Dollars and the payee receives the funds in US Dollars.
- Local to Local (L2L) with USD balance: the payout is requested in local currency and the beneficiary receives the funds in local currency, but the balance is held in USD.
How to integrate Payouts
You can integrate Bamboo Payouts in two different ways, depending on your business needs:
Payouts API
Automate payouts with our API for maximum flexibility. Create, manage, and scale disbursements programmatically across all supported countries.
Payouts Express
Launch payouts quickly from the Merchant Dashboard, with no code required. Ideal for fast activation or simple operations.
Updated 21 days ago