Send Payout API
The Send Payout API allows Originating Entities to send payouts to a bank account and a wallet. Visa will then route the payment request based via Visa Payments Limited (VPL).If the payment method is to a bank account, VPL will send the payment instruction to a Network Partner. The Network Partner will send the credit directly to the Recipient Financial Institution who will credit the Recipient’s account.If the payment method is to a wallet, VPL will send the payment to either Wallet Aggregator or Wallet Operator. The Wallet Aggregator or Wallet Operator will send the credit directly to the Recipient wallet.
Validate Payout API
Designed to reduce payout errors, the Validate Payout API allows Originating Entities to validate account and wallet transactions PRIOR to the payout being sent via the Send Payout API for clearing and settlement. The Validation API performs schema check (format, mandatory fields, etc.) and route specific check (based on Network Partner and Wallet Aggregator and Wallet Operator requirements) and exposes validation errors identifying where the Originating Entity should make corrections prior to payout.
Query Payout API
The Query Payout API allows Originating Entities to query in real-time the processing status of Visa Direct Account and Wallet transactions. Query API checks the latest state of an account or wallet transactions and returns the results; transaction successfully or erroneously received and processed by Visa and/or the financial institutions. Query API can also be invoked when there is no response returned from Visa for the Send Payout API.
Retention Period - 180 days. A transaction can be queried within 180 days from the date it was originated. After this period, the transaction can no longer be queried through API.
Cancel Payout API
Originating Entity may request to cancel a transaction and stop a payment in scenarios where the Sender sent to an incorrect recipient or the wrong amount in the payout instruction or sent a duplicate payout in error. Visa can accept the cancellation request if the payment has not been sent to Network Partner or Wallet Aggregator or Wallet Operator. If Visa has accepted the cancel request, then it will initiate a Notification/Return transaction to the Originating Entity.
Retention Period - 90 days. A transaction can be cancelled within 90 days from the date it was originated. After this period, the transaction can no longer be cancelled through API.
Payout Status Notification API
The Originating Entity will be notified of the initial transaction status of a account or wallet payout transaction as well as of any status changes at each key step, along with the updated expected posting date.
Retention Period - 180 days. The information provided in the Payout Status Notification API is available to be queried for 180 days.
Payout Return Notification API
Payouts sent to a bank account or wallet may get returned back for multiple reasons, for example, if the bank account or wallet details provided are not accurate, or the account or wallet details are accurate but the account or wallet is not active or the Originating Entity has requested to cancel the payout if it is funded. In such cases, Visa will send the payout return notification request to the Originating Entity.
Retention Period - 180 days. The information provided in the Payout Return Notification API is available to be queried for 180 days.
Ledger Notification API
This API conveys details of the debits/credit entries posted to an Originating Entity’s settlement account with Visa for a given processing day.
Get Account Balance API
The Originating Entity can check its Virtual Account balance for associated currency using Get Account Balance API.
FAQs
How does it work? Visa Direct Payouts is a service that enables money to be pushed into bank, debit card4, or prepaid card4 accounts to complete business payouts, P2P transfers, app withdrawals, and more.
What does Visa direct mean on my bank statement? ›
Visa Direct is a network that facilitates funds transfers by Visa's client financial institutions.
Who is eligible for Visa Direct? ›
All Visa Direct programs require the originator to be a licensed Visa acquirer or be sponsored by a licensed Visa acquirer who is ready and able to sponsor Visa Direct programs.
How long does it take to get a Visa direct payment? ›
A recipient automatically receives funds in their Visa Debit account within 30 minutes and no action is required on their part.
What is the limit on Visa Direct? ›
Discover the Visa Direct service limits for all transactions to a card: Limit per transaction: 1,000 USD. Limit per day: 2,500 USD. Limit per week: 5,000 USD.
Is Visa Direct safe to use? ›
Visa Direct is helping create the infrastructure necessary for a secure, connected global economy. Built with Visa's risk management products, Visa Direct benefits from our relationships with select partners who are innovating at the forefront of identity management, fraud management, and artificial intelligence.
What is the difference between Visa and Visa Direct? ›
The difference between Visa Checkout and Visa Direct is that Visa Checkout acts like a virtual wallet where Visa Direct does P2P payments and funds disbursem*nts. Below is some more information on what each API does.
What are the benefits of Visa Direct? ›
Transform your global money movement with Visa Direct
- Fast, seamless experiences. Conveniently send money to cards and wallets in real-time,¹ and to accounts typically settling in one day for most routes.
- Extensive reach. ...
- Robust security.
Visa Direct is Visa's version of Zelle or Venmo, it's the instant-sending tool created by the credit card giant that gives card-holders the ability to send payments immediately.
What is the visa direct payment solution? ›
A real-time payment solution that enables fast, secure and reliable financial transactions. It allows instant transfer of funds using a mobile phone number or email, and is widely used for P2P, B2C and government disbursem*nts.
Best Paid & Free Alternatives to Visa Direct
- Payoneer.
- GoCardless.
- Paytm Business.
- Stripe Connect.
- Square Payments.
- Apple Pay for merchants.
- HighRadius.
- BlueSnap.
Visa Direct offers an easy, smart and secure experience to move money globally across accounts instantly, facilitating a best-in-class experience.
How does Visa Direct work? ›
Visa Direct reverses the payment flow of the Visa network, allowing businesses to make payouts to all Visa cards in minutes, all direct to their cards or accounts.
Does Visa Direct have fees? ›
Visa Direct — Visa Direct transactions have an Interchange rate of 0.25%.
Does Visa Direct work on credit card? ›
Just enter the recipient's 16 digit Visa card number and the amount and the funds will be credited to the recipient's Visa credit, debit or prepaid card.
What are Visa direct payouts? ›
Visa Direct Payouts is a service that allows Visa financial institutions and financial institution partners to send push-to-account (P2A) and push-to-card4 (P2C) payouts (i.e. payment transactions) in different markets around the world.
How does the settlement process work? ›
A settlement occurs when the plaintiff and defendant agree that the defendant pays a certain amount in return for the plaintiff dropping the lawsuit. Once a settlement has been reached, the two sides do not proceed to trial. Sometimes an insurance company will make the payment and not an individual defendant.
How does Visa settle transactions? ›
Card schemes (e.g. Visa and Mastercard) will debit the customer's issuing bank account and credit the acquiring bank for the funds. They will also deduct interchange and network fees immediately or on an agreed later date, according to the settlement type.
How does a credit card settlement work? ›
If you find yourself in too much debt to keep up with, you might be able to negotiate with your credit card issuer to settle some of your debt. Debt settlement works by negotiating with an issuer until they agree to let you pay off part of your debt in exchange for forgiving — or settling — the rest of it.
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