Account Payouts Country Coverage
An overview of the Account Payouts service provided by Access Worldpay.
Each country page defines:
- the required recipient bank account details
- available options and benefits of using specific type of payment
- the API fields that you should use when submitting payment instructions to our Account Payouts API
- the cut-off and estimated delivery times
for each available payment type (domestic, domestic wire, SEPA, international).
Prerequisite
Please contact your Relationship Manager to ensure your account is enabled for the correct type of Account payout.
Domestic payments
You can make payments directly into the local clearing system, in countries where we have an active bank partner and operating account. This has a number of advantages in terms of cost and efficiency. It does require, however, that the payment request contains the recipient bank account details in a format consistent with the demands of the local bank clearing policies.
A domestic payment is only possible if the receiving or target payment currency is local to the country concerned. If this is not the case, the transfer is an international payment.
Real-time and non-real-time
For some countries, there are three types of domestic payments:
- Real-time - no specific cut-off times. The payment request is processed in real-time.
- Same-day - one/several specific cut-off time(s) on a business day. The payment request is processed with the earliest beneficiary credit same day.
- T+X (where X is number of business days) - specific cut-off time on a business day. The payment request is processed with the earliest beneficiary credit equal to X.
To enable a specific payment type please contact your Relationship Manager.
IBAN vs BBAN
For some countries, you have two bank detail options to make an account payout:
- IBAN option - Recommended. We verify its structure and reverse an invalid IBAN payment without sending the request to the beneficiary bank.
- BBAN option - You can us this when migrating from another provider who uses BBAN details and you do not wish to collect new submission data.
Domestic Wire Payments
Domestic wires allow you to send domestic currencies to countries worldwide using our global payments network. Unlike International SWIFT payments, there are no correspondent bank charges and you can send domestic currencies to countries where we have access. This allows the payee to receive the full payment amount in their preferred currency.
A domestic wire payment is only possible if the receiving or target payment currency is local to the country concerned. If this is not the case, the transfer is an international payment.
SEPA Payments
SEPA (Single Euro Payments Area) is a European regulatory initiative to create a standard format for processing Euro transactions across 47 markets in Europe.
It harmonizes the way Europeans make payments in these countries. By making bank transfer payments work to a common set of rules, the Single European Payments Area aims to make payments within the EU easier and more efficient.
SEPA payment is only possible to 47 SEPA markets in Europe if the receiving or target payment currency is EUR.
Real-time and non-real-time
For some countries, there are two types of domestic payments:
- Real-time - no specific cut-off times. The successfully formatted and valid payment request is processed in real-time.
- Same-day - one/several specific cut-off time(s) on a business day. The successfully formatted and valid payment request is processed with the earliest beneficiary credit same day.
The real-time option is only available for beneficiary banks that are part of the SEPA Instant scheme. In an event that a real-time payment is sent to a beneficiary that is not part of that schema, the payment request is processed as a same-day payment.
International payments
Where a domestic payment is not possible, either because we don't have a local bank account or because the currency is not local to the country, you can initiate an international payment. We use a global banking partner to make these payments.
With the exception of any sanctioned countries and subject to our global banking partner's policies, we can make payments to any country worldwide in the following 20 currencies:
- AUD
- CAD
- CHF
- CZK
- DKK
- EUR
- GBP
- HKD
- HUF
- JPY
- MXN
- NOK
- NZD
- PLN
- RON
- SEK
- SGD
- THB
- USD
- ZAR
JPY is a zero decimal currency. The pay-out amount is rounded up if submitted with decimals.
Risk and compliance considerations
General limit guidelines
We operate some general limit guidelines. There is a third party pay-out limit of EUR 50, 000 or currency equivalent per transaction / per individual-legal entity. It is possible for us to process larger values but we may require:
- Additional due diligence
- Information on source and application of funds
Gambling restrictions
We do not support any gambling or gambling-related transactions to or from restricted countries (listed below) due to the current regulatory and legal environment.
For more information and advice, contact your Relationship Manager.
The following countries are restricted for gambling payouts:
- Argentina
- Brazil
- China
- Croatia
- Egypt
- Hong Kong
- India
- Indonesia
- Israel
- Malaysia
- Mexico
- Morocco
- Philippines
- Singapore
- Switzerland
- Thailand
- Turkey
- United States (Subject to review and approval)
- Vietnam
Country Risk Policy
We do not make international payments to the countries specified in our Country Risk Policy either because:
- We do not have the ability to do so (our bank partners do not have the appropriate reach)
- The country is on a restricted list
We have tried to make our Country Risk Policy as comprehensive as possible. However, you should check with us if you would like to make payments to one of the emerging market countries.
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