A deposit account that allows merchants to access all funds deposited into it.
Payout is an account a merchant creates on the Vendy Merchant App with either his\her preferred bank account or Mobile Money Wallet where withdrawals from the Sales or Commission balance are deposited.
When setting up a payout; Merchants have the option of choosing a bank account or mobile money wallet as their preferred payout account.
Merchants use a variety of payout methods, and a merchant may operate more than one business.
How To Set Up A Payout Account On The Vendy Merchant App
To set up a pay-out, follow these simple steps:
1. Click on settings on the navigation bar.
2. Click on Payout.
3. Click on the plus sign and select your preferred payout destination.
4. Select your preferred Mobile Money Wallet.
5. Fill in your account number.
6. Your payout account has been successfully set up!
How to setup a payout account via Api
Note;
The payout api endpoint is:
The Payout Object
| Field | Type | Description |
|---|---|---|
| Authorization | Bearer Token | |
| Id | ||
| Header | ||
| Contains Amount, Value and Currency. | ||
| Phone | Withdrawer or Payment successful. |
Payout Accounts
Vendy provides the option to make use of either of these payout accounts which are:
-
Bank account
-
Mobile money wallet.