Last Updated on April 17, 2023 by Mavia

Wise, formerly known as TransferWise, has been revolutionizing the global payments industry since its inception. The company’s latest offering, the Wise Payouts platform, is designed to simplify payouts for global businesses. In this article, we’ll explore what the Wise Payouts platform is, how it works, and its benefits for businesses.

Contents hide

1 Make multiple payouts faster, and for less

1.1 What is the Wise Payouts platform

1.2 How does it work

1.2.1 Reliable payment processing

1.2.2 Automated payments with our API

1.2.3 Benefits of the Wise Payouts platform

1.2.4 Conclusion

Make multiple payouts faster, and for less

Whether you call them bulk payments, mass payouts, or batch payments, we can help. Use our Batch Payments tool to make up to 1,000 payouts in one go. Payments can be processed by uploading a single CSV file and without the need for integrations. For fully automated payouts you can connect with the Wise API.

What is the Wise Payouts platform

The Wise Payouts platform is a payment solution that allows businesses to make mass payouts to their customers and employees in over 70 countries. The platform is designed to simplify the payout process for businesses, offering fast, secure, and cost-effective payment solutions.

How does it work

To use the Wise Payouts platform, businesses need to sign up for a Wise for Business account. Once they’ve registered, they can use the platform to make mass payouts to their customers or employees. The platform offers a range of payment options, including bank transfers, card payments, and e-wallets, making it easy for recipients to receive their funds.

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Reliable payment processing

The Wise batch payments tool lets you make multiple payouts using the same unique international money transfer features available on our consumer platform. Features include a delivery estimator, pay-to-email, and real-time tracking as well as reports, funding from balances, and more.

Automated payments with our API

Automate invoice payments, recurring transfers, standing orders, or international payroll. It only takes a few minutes to get a sandbox account to start testing and building with our API.

Benefits of the Wise Payouts platform

Here are some benefits of using the Wise Payouts platform:

Cost-Effective: The Wise Payouts platform offers competitive pricing, with no hidden fees or markups, making it a cost-effective solution for businesses.
Fast and Efficient: The Wise Payouts platform offers fast and efficient payment solutions, with most transactions processed within 24 hours.
Secure: The Wise Payouts platform uses the latest encryption and security technologies to protect businesses’ data and transactions, ensuring that all payouts are secure and safe.
User-Friendly: The Wise Payouts platform is user-friendly and easy to navigate, with a simple and intuitive interface that makes it easy for businesses to manage their payouts.
Multiple Payment Options: The Wise Payouts platform offers multiple payment options, including bank transfers, card payments, and e-wallets, making it easy for recipients to receive their funds.

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Conclusion

The Wise Payouts platform is a game-changer for businesses looking to simplify their payout process. With its cost-effective pricing, fast and efficient payment solutions, secure features, user-friendly interface, and multiple payment options, the Wise Payouts platform is a top choice for global businesses. If you’re looking for a reliable and efficient way to make mass payouts to your customers or employees, the Wise Payouts platform is definitely worth considering.