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Overview

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Payouts (or previously known as Iris) is Midtrans’ cash management solution that allows you to disburse/payouts/transfer payments to bank accounts and e-wallets in Indonesia securely and easily. Payouts connects to the banks’ hosts for you to enable seamless transfer using integrated APIs.


Iris Illustration


In summary the overall flow consist of these steps:


  1. Add source of funds:
    • Aggregator Scheme: Top-up/deposit funds to your Payouts account via the Midtrans Dashboard, Or
    • Facilitator Scheme: Connect your bank account as a source of fund.
  2. Add beneficiaries (fund recipient) easily via dashboard, or integrate via API.
  3. Send disbursement/payout instantly in just a few clicks through the Dashboard, or integrate via API.


Glossary


For the purpose of standardization and to prevent misunderstanding, below are the terms we use in this documentation:

  • Partner: Payouts’ main user (You). A partner will be given access to Payouts' API and Dashboard.
  • Beneficiary: Destination account whereby the payout/transfer is intended to.
  • Payout: also known as disbursement, refers to action of funds being transferred out to the beneficiary, from your balance/source of funds.
  • Maker/Creator: Partner’s user account role that can create payout.
  • Approver: Partner’s user account role that can approve a payout.
  • Midtrans Dashboard: refers to a web portal where partner can login and manage payouts, accounts, configurations, etc.


Business Flow


Payouts comes in 2 different schemes (from business perspective): aggregator or facilitator.


Aggregator


Using the aggregator scheme, a partner will have a deposit account balance that can be topped up from time to time using various channels. Any payout will be done from this balance as the source of funds.

Aggregator scheme is characterized by the following:

  • Source of funds comes from Midtrans’ bank accounts;
  • Partners can top up their deposit balance before payouts; and
  • Faster onboarding process.

Facilitator


Facilitator scheme lets a partner use their own bank account as the source of funds for payouts. In addition to initiating transfers and payouts, partners can inquire balance and check statements using Payouts’ API.

The facilitator scheme is characterized by the following:

  • Source of funds comes from Partners’ own bank accounts;
  • Payouts can be done as long as the account balance is sufficient; and
  • Onboarding process involves registering partners’ bank accounts to the bank and Midtrans.


Features


Real Time Transfers


  • Midtrans disbursement service connects directly to the banks’ hosts for transfer activities to ensure all disbursement is done real time;
  • Other transfer types such as SKN (Kliring) and Bank Indonesia’s RTGS are also supported.

Transfer Types


  • All transfer are done via real-time transfer for the following banks:
    • Mandiri
    • CIMB
    • BCA
    • Danamon
    • BNI
    • BRI
    • Permata
  • The rest of the banks will be done via SKN (Sistem Kliring Nasional).

Easy to Integrate API


  • Our RESTful API enable our partners to integrate to our solution seamlessly;
  • Payouts’ API support: balance inquiry, create transfer, approve transfer, view statements, etc.

Web Dashboard and Analytics


Updated 2 months ago