Payout or pay-out represents an act of paying out the funds to a recipient. That is, a payer pays out a certain sum of money to a payee. Payouts are usually expected and can be one-time or regular.
Generally, they divide three main types:
Certain types of payouts depend on the manner of their initiation.
In Corefy, Payouts represent a solution to help businesses conveniently pay out to their customers, partners, employees, or contractors.
Payouts provide you with a set of necessary smart tools to send payouts quickly, via any method, any currency, including cryptocurrencies, and to recipients with any geography. We empower your business to tackle any type of payouts efficiently and swiftly. Our platform also allows our clients to manage properly all operations through insightful visualisation.