Payout

The Leatherback Payout platform avails merchants to send money across different countries and in different currencies. This Funds transfer can be done to a single recipient or multiple recipients (Bulk), locally or internationally. This also supports cross-currency transactions (SendR). To perform Cross-currency transactions, Read more on SendR

During the Merchant onboarding process, the Leatherback platform automatically creates a payout account for a merchant profile in the currency of his country of incorporation /residence by default. However, merchants may go to the Global Payout Menu to Request additional Payout Accounts in other currencies different from the default Currency. E.g As a Merchant, if your country of Incorporation is a Business in the United Kingdom (UK), Your default Payout Account Currency will be GBP (Great Britain Pounds). This additional Request for accounts is subject to approval and also some supporting documents need to be made available by the Merchants and vetted by our compliance team.

 Related articles