For a comprehensive guide, please head to our developer documentation at https://developers.paymongo.com/docs/transfers/
What it is: PayMongo Transfers is a powerful service that enables your business to move money with precision and flexibility. It provides a single, unified platform for both sending and receiving funds, connecting you to a wide range of destinations, including local banks, e-wallets, and future international channels. Built on top of robust transfer rails like InstaPay and PESONet, it automates the complexities of disbursements, making it ideal for businesses looking to scale their financial operations.
Business Case & Impact:
PayMongo Transfers is designed to streamline your treasury operations, reduce manual work, and provide a secure, scalable solution for all your fund flows.
Effortless Disbursements: Easily send funds to employees, vendors, partners, or customers. Whether you need to process a single payout, schedule recurring disbursements, or perform a bulk transfer to thousands of recipients with a single API call, Transfers automates the process and ensures timely and accurate payments.
Unified Control: Gain a holistic view and control of all your money movement, from incoming customer payments to outgoing vendor payouts. This centralizes your financial operations and simplifies reconciliation.
Scalable and Secure: Backed by enterprise-grade infrastructure, PayMongo Transfers is built for high-volume and high-trust environments. This makes it a reliable solution for critical financial operations like payroll, refunds, and large-scale vendor payouts.
Connected Ecosystem: Integrated with the PayMongo Wallet API, it allows you to easily retrieve wallet details and initiate transfers, helping you to build a seamless, closed-loop financial ecosystem for your business.
In Action (Use Cases):
Payroll and Employee Stipends: Set up recurring or batched payouts to disburse salaries or stipends to your employees automatically.
Vendor & Supplier Payments: Automate weekly or monthly payouts to your suppliers, ensuring they are paid accurately and on time.
Marketplace Payouts: For businesses that operate a marketplace, you can use transfers to seamlessly send funds to your sellers or partners.
Refunds: Process refunds quickly and securely by initiating a transfer back to the customer's bank or e-wallet.
Pricing:
InstaPay & PESONet Transfers: ₱10.00 per disbursement.
Note: Transfer prices are adjusted based on the volume of transactions. You can request for preferential rates by contacting [email protected].