Instant payment (payout)

Introduction

The instant payment mode allows payouts to be processed within 25 seconds, rather than the 48 hours required for the batch processing of standard payout bankwires.

Scope

This functionality is available on the payout endpoint. Instant payment is only possible for payout bankwires in euros to a receiving bank in the SEPA zone.

Prerequisites

The following criteria are checked by MANGOPAY before we send a request for instant payment:

• You are authorised to execute instant payments

• You use the version 2.01 of the MANGOPAY API

• The user holding the bank account is KYC verified (KYCLevel=REGULAR)

• The user is not blocked by MANGOPAY

• The payout is in euros and the receiving bank is in the SEPA zone

• The amount of the payout is lower than the threshold above which MANGOPAY carries out a manual verification to guarantee the security of your funds (this threshold depends on your activity and workflow, but it is about €2,500 on average)

Once these verifications are complete, we proceed with the request for instant payment. Several other criteria must be respected for the operation to be instantaneous:

• The receiving bank must be reachable. This means that it participates in the SEPA Instant Credit Transfer scheme of the European Payments Council (EPC). A non-exhaustive list of reachable banks can be found on the EPC website.
• No opposition is linked to the banking situations of the creditor or debtor. These oppositions can be functional (e.g. deceased account holder) or technical (e.g. the receiving bank does not respond).
• No instant payment has been made to the same bank account for the same amount in the preceding 24 hours.

If any one of the criteria above is not satisfied, we process the instant payment request as a standard payout.

Endpoints

Request an instant payment

On calls to the payout endpoint, the parameter PayoutModeRequested enables you to request an instant payout by using the value INSTANT_PAYMENT. Otherwise, you can use the value STANDARD to request a normal payout (processed in under 48 hours).

If no parameter is sent, the payout will be processed as STANDARD.

POST  /payouts/bankwire

In the response to the API call, the parameter Status will have the value CREATED to indicate that the request has been taken into account.

Verify the payout mode used

Once the payout request has been made, you can verify the mode applied via a GET call to the following endpoint. This endpoint gives the same information as the existing one with additional information regarding instant payment.

GET  /payouts/bankwire/{id}