Payout Object

{
  "id": "pot_coka64uof3laaslak1ag",
  "object": "payout",
  "created_at": "2024-04-24T06:13:39.274974Z",
  "amount": 908750,
  "currency": "USD",
  "beneficiary_details": {
    "address": {
      "line1": "Address line 1",
      "line2": "Address line 2",
      "city": "city",
      "state": "state",
      "country": "SG",
      "postal_code": "10090"
    },
    "destination_details": {
      "bank": {
        "account_number": "90980778",
        "bank_codes": {
          "ifsc_code": "IFX001"
        },
        "bank_name": "Bank of India",
        "branch_name": "",
        "country": "IN",
        "currency": "INR",
        "iban":"",
        "purpose_code": ""
      },
      "type": "bank"
    },
    "email": "support@tazapay.com",
    "name": "John Doe",
    "phone": null,
    "type": "business"
  },
  "beneficiary": "bnf_coka5m22t0herlgcuvjg",
  "purpose": "PYR002",
  "statement_descriptor": "Invoice 20080",
  "status": "processing",
  "status_description": "",
  "tracking_details": {
    "reference": {
      "type": "UTR",
      "number": "afnafon-24i0-abfoan"
    }
  },
  "type": "local",
  "charge_type": "",
  "holding_currency": "EUR",
  "payout_fx_transaction": {
    "exchange_rate": 82.397282,
    "final": {
      "amount": 74878529,
      "currency": "INR"
    },
    "id": "fx_coka64uof3laaslak1ag",
    "initial": {
      "amount": 908750,
      "currency": "USD"
    },
    "object": "fxt_transaction"
  },
  "firc_required": false,
  "metadata": {
    "key1": "value1",
    "key2": "value2"
  },
  "mt103": "Test MT103"
}

Field	type	Description
id	string	Unique ID for the payout. Begins with 'pot_'
object	string	This is 'payout' here
created_at	timestamp	Timestamp at which the payout object is created. (ISO 8601 format - YYYY-MM-DDTHH:MM:SS±hh:mm)
amount	integer	Amount for the payout in cents in the payout currency. Refer https://docs.tazapay.com/docs/decimal-currencies for decimal handling for various currencies.
currency	string	ISO 4217 standard, in uppercase. This is the payout currency. The amount will be in the payout currency
beneficiary_details	json	Details of the beneficiary. Refer here for beneficiary_details sub-fields
beneficiary	string	Unique ID representing the beneficiary for the payout
purpose	enum	The reason for payout. Refer https://docs.tazapay.com/docs/reasons-for-payout for the possible values.
statement_descriptor	string	Brief text descriptor that will appear on the beneficiary’s bank statement to identify the transaction
status	enum	Status of the payout. Refer https://docs.tazapay.com/docs/payout-1 for possible values.
status_description	string	This provides additional description about the status, if applicable
tracking_details	json	This helps track the payout
type	enum	Type of payout - local or swift or wallet
charge_type	enum	Applicable only for wire transfers, shared or ours
holding_currency	string	ISO 4217 standard, in uppercase. This represents the currency whose balance will be used to fund the payout
payout_fx_transaction	json	FX transaction representing the currency conversion from the payout currency to the destination (beneficiary) currency
firc_required	boolean	Whether FIRC is required for the payout. Only applicable when the destination currency is INR.
metadata	json	Set of key-value pairs to attach to the payout
mt103	string	MT103 for the payout

beneficiary_details

Field	Sub-fields	type	Description
type		enum	Beneficiary type - business or individual
name		string	Name of the beneficiary
email		string	Email of the beneficiary
address		json	Address of the beneficiary
	line1	string	Address line 1
	line2	string	Address Line 2
	city	string	City
	state	string	State
	country	string	ISO 3166-1 alpha-2 country code, in uppercase
	postal_code	string	Postal Code
destination_details
	type	enum	Type of the destination - bank or payout_wallet
	bank / payout_wallet	json	A JSON containing the destination details

bank

Field	type	Description
bank_name	string	Name of the bank
account_number	string	Account Number
iban	string	IBAN
country	string	Two-letter country code (ISO 3166-1 alpha-2)
currency	string	Three-letter ISO currency code
branch_name	string	Name of the branch
purpose_code	string	Purpose Code in the Indian context
bank_codes	json	Bank Codes (For example - swift_code, ifsc_code). Refer here for the list of codes.

payout_wallet

Field	type	Description
deposit_address	string	Deposit Address
type	enum	Name of the wallet (Type of the deposit address)
currency	string	currency

tracking_details

Field	Sub-field	type	Description
reference		json	Reference Details for tracking
	type	enum	Type of the reference
	number	string	Reference Number

payout_fx_transaction

Field	Sub-field	type	Description
id		string	Unique ID for the FX conversion
object		string	fx_transaction here
initial		json	The initial currency and amount
	amount	integer	Amount in cents in the payout currency. Refer https://docs.tazapay.com/docs/decimal-currencies for decimal handling for various currencies.
	currency	string	ISO 4217 standard, in uppercase.
exchange_rate		float	Exchange Rate to convert initial currency to the final currency
initial		json	The final currency and amount after conversion
	amount	integer	Amount in cents in the destination currency. Refer https://docs.tazapay.com/docs/decimal-currencies for decimal handling for various currencies.
	currency	string	ISO 4217 standard, in uppercase.