Direct Payout
Overview
The Direct Payout product enables partners to send funds directly to their consumers’ bank accounts. This streamlines the disbursement process, reduces delays, and provides a seamless experience for consumers.
Partner Steps
1. Register to Onboarding Completed Webhook
Use the register webhook api to register for the Onboarding.Completed webhook. This webhook is used to communicate to the partners when the direct payout onboarding is completed.
2. Create consumer via API
Before partners can start onboarding, partners need to create a consumer via api
See create consumer api
3. Partners need to allow consumers to select between Card or Direct Payout
4. Partners need to collect consumer bank account information via plaid or manully
5. Create a bank account for the consumer in the Upward ecosystem
To create an account in the Upward ecosystems use the create account API
6. Send consumer to Direct Payout component
This component uses a consumer scoped token. Partner token will not work here.
Use the token exchange api to get a new consumer token.