Key Requirements for China Payouts

Successful cross-border payments to China via Tazapay require specific parameters:

Beneficiary Name: Must be provided in Chinese characters.
Beneficiary Bank Name: Must be provided in Chinese characters.
National Identification Number: Mandatory for individual beneficiaries.
Logistics Tracking Details: Required information includes:
- logistic_provider_name (mandatory)
- logistic_provider_code (optional)
- tracking_number (mandatory)
Invoice Upload: Mandatory for all payouts.
Contract Upload: Required for specific payout purpose codes (refer to table below):

Code	Description
PYR001	Payment for Services
PYR002	Payment for Software
PYR004	Travel Services
PYR005	Vendor / Contractor Payouts
PYR007	Investment in Shares
PYR008	Purchase of Property
PYR009	Repayment of Loans
PYR010	Salary
PYR011	Payment of Property Rental
PYR012	Information Service Charges
PYR013	Advertising & Public relations-related expenses
PYR014	Royalty fees, trademark fees, patent fees, and copyright fees
PYR015	Fees for brokers, front end fee, commitment fee, guarantee fee and custodian fee
PYR016	Fees for advisors, technical assistance, and academic knowledge, including remuneration for specialists
PYR017	Representative office expenses
PYR018	Tax Payment
PYR020	Construction costs/expenses
PYR021	Insurance Premium
PYR023	Insurance Claims Payment
PYR024	Family Maintenance
PYR025	Education-related student expenses
PYR026	Medical Treatment
PYR027	Donations
PYR028	Mutual Fund Investment
PYR029	Currency Exchange
PYR030	User Withdrawal
PYR031	Advance Payments for goods

Sample Request Body

curl --request POST \
     --url https://service-sandbox.tazapay.com/v3/payout \
     --header 'accept: application/json' \
     --header 'authorization: Basic XXXXXXxxxxxxxxXXXXX' \
     --header 'content-type: application/json' \
     --data '
{
  "beneficiary_details": {
    "destination_details": {
      "type": "bank",
      "bank": {
        "bank_codes": {
          "swift_code": "Testswift"
        },
        "account_number": "124353",
        "bank_name": "圳市腾",
        "country": "CN",
        "currency": "CNY"
      }
    },
    "name": "深圳市腾***有限公司",
    "type": "individual",
    "national_identification_number": "1234567890" 
  },
  "purpose": "PYR028",
  "logistics_tracking_details": {
    "logistics_provider_name": "CargoWave",
    "logistics_provider_code": "CGW",
    "tracking_number": "924U798274"
  },
  "amount": 10000,
  "currency": "CNY",
  "holding_currency": "USD",
  "documents": [
    {
      "type": "invoice",
      "url": "sample_url"
    },
    {
      "type": "contract",
      "url": "sample_url"
    }
  ]
}
'

Sample Response Body

{
    "status": "success",
    "message": "",
    "data": {
        "amount": 10000,
        "balance_transaction": "btr_crv2q2hh1l071n2fjb70",
        "beneficiary": "bnf_crv2pf1h1l071n2fjapg",
        "beneficiary_details": {
            "address": null,
            "destination": "",
            "destination_details": {
                "bank": {
                    "account_number": "124353",
                    "account_type": "",
                    "bank_codes": {
                    },
                    "bank_name": "圳市腾",
                    "country": "CN",
                    "currency": "CNY",
                    "firc_required": false,
                    "purpose_code": ""
                },
                "type": "bank"
            },
            "chinese_id": "361723721",
            "logistics_tracking_details":{
              "logistics_provider":{
                "name":"Cargowave",
                "code":"CGW"
              },
              "tracking_number":"924U798274"}
            "email": "",
            "name": "深圳市腾***有限公司",
            "phone": null,
            "tax_id": "",
            "type": "individual"
        },
        "charge_type": "",
        "created_at": "2024-10-03T05:35:06.796479Z",
        "currency": "CNY",
        "documents":{
		         "type":"invoice",
		         "url":"sample_url"
		         }
		         {
		         "type":"contract",
		         "url":"sample_url"
		         }
        "holding_currency": "USD",
        "holding_fx_transaction": {
            "exchange_rate": 6.735621,
            "final": {
                "amount": 10000,
                "currency": "CNY"
            },
            "id": "fx_crv2q2gdj96g452dfo0g",
            "initial": {
                "amount": 1485,
                "currency": "USD"
            },
            "object": "fx_transaction"
        },
        "id": "pot_crv2q2hh1l071n2fjb6g",
        "metadata": null,
        "mt103": "",
        "object": "payout",
        "payout_fx_transaction": {
            "exchange_rate": 1,
            "final": {
                "amount": 10000,
                "currency": "CNY"
            },
            "id": "fx_crv2q2gdj96g452dfo00",
            "initial": {
                "amount": 10000,
                "currency": "CNY"
            },
            "object": "fx_transaction"
        },
        "purpose": "PYR007",
        "reference_id": "",
        "statement_descriptor": "",
        "status": "processing",
        "status_description": "",
        "tracking_details": null,
        "transaction_description": "",
        "type": "local"
    }
}

Important Note

When creating a beneficiary via the Create Beneficiary API, ensure the national_identification_number is provided for individual beneficiaries. Failure to do so will result in payout creation failure. You will need to add a new beneficiary with the required information.
Similarly. if the payout is created for an individual, we will need the company name to which they are associated in order to process. In addition, we will need them to share additional docs as well.