Bamboo Payouts

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 7 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 three 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. Currently, this model is only available in Peru and Uruguay.

Coverage

Country	ISO Code	Local Bank Transfer	Instant Transfer	Wallet	USD2L	L2L	USD2USD
Argentina	AR
Brazil	BR
Chile	CL
Colombia	CO
Mexico	MX
Peru	PE
Uruguay	UY
Bosnia and Herzegovina	BA
Bulgaria	BG
Costa Rica	CR
Dominican Republic	DO
Egypt	EG
Guatemala	GT
Israel	IL
Nicaragua	NI
Norway	NO
Paraguay	PY
Turkey	TR

Cut-off Schedule

Payments in all countries are processed in real-time. There are no cut-off times, meaning transactions are executed immediately without delays.

Considerations

When using the Payouts feature, consider the specific requirements for each payee’s country to avoid payment rejections.

Argentina

• The CBU/CVU cannot exceed 22 characters.
  Example: 0123456789012345678901.

Brazil

• The Pix Key must follow the following specifications:

  • When the Pix Key is the document, the number of digits for CPF must be 11, and CNPJ must be 14. Example:
    CPF: 123.456.789-01 → 12345678901
    CNPJ: 12.345.678/9012-34 → 12345678901234.
  • When the Pix Key is the email, it must be a valid email address.
  • When the Pix Key is the phone, the phone number must start with +55. Example: +5521982485500.
  • When the Pix Key is a random number, the key must be a randomly generated UUID. Example: 123e4567-e89b-12d3-a456-426655440000.

Chile

• The bank account cannot exceed 16 characters. Format: DDDDDDDDDDDDDDDD where D is a digit. Example: 1234567890123456.

Colombia

• The bank account cannot exceed 17 characters. Format: DDDDDDDDDDDDDDDDD where D is a digit. Example: 12345678901234567.

Mexico

• The CLABE number cannot exceed 18 characters and is validated using a verification algorithm. Example: 21790064060296600.

Peru

• If the bank account is for a bank (Type 2), it cannot exceed 20 characters.
  Format: DDDDDDDDDDDDDDDDDDDD, where D is a digit.
  Example: 12345678901234567890.

• If the account is for a wallet (Type 3), the bank account field must be filled with the phone number,
  without the + symbol, with a minimum length of 9 and a maximum of 15 numeric characters.
  Example: 987654321 (minimum) - 123456789012345 (maximum).

Bosnia and Herzegovina

• IBAN: 20 characters (BA39 + 16 digits). Numeric only.
  Format: BA39DDDDDDDDDDDDDDDD
  Example: BA391234567890123456

Bulgaria

• IBAN: 22 characters (BG + 2 IBAN check digits + 18 digits). Alphanumeric.
  Format: BGDDXXXXXXXXXXXXXXXXXX
  Example: BG0012BG567890123456

Costa Rica

• IBAN: 22 characters (CR + 2 IBAN check digits + 4 bank digits + 14 account digits). Numeric only.
  Format: CRDDDDDDDDDDDDDDDDDDDD
  Example: CR1234567890123456789012

Dominican Republic

• Does not use IBAN. Provide account number directly (up to 35 alphanumeric characters).
  Example: ABCD1234567890

Egypt

• IBAN: 29 characters (EG + 2 IBAN check digits + 25 digits). Numeric only.
  Format: EGDDDDDDDDDDDDDDDDDDDDDDDDD
  Example: EG123456789012345678901234567

Guatemala

• IBAN: 28 characters (GT + 26 alphanumeric characters).
  Format: GTXXXXXXXXXXXXXXXXXXXXXXXXXX
  Example: GT12KDYE78901234567890123456

Israel

• IBAN: 23 characters (IL + 21 digits). Numeric only.
  Format: ILDDDDDDDDDDDDDDDDDDDDD
  Example: IL123456789012345678901

Nicaragua

• Does not use IBAN. Provide account number directly (up to 35 alphanumeric characters).
  Example: NICA1234567890

Norway

• IBAN: 15 characters (NO + 11 digits). Numeric only.
  Format: NODDDDDDDDDDD
  Example: NO1234567890123

Paraguay

• Does not use IBAN. Provide account number directly (up to 35 alphanumeric characters).
  Example: PAR1234567890

Turkey

• IBAN: 26 characters (TR + 22 digits).
  Format: TRDDDDDDDDDDDDDDDDDDDDDD
  Example: TR1234567890123456789012

Uruguay

Last modified July 29, 2025

© Bamboo | All rights reserved 2025