Payouts
Automate disbursements and withdrawals with Stitch Payouts
Easily payout funds to any account, with instant or same-day settlements. Enable seamless withdrawals for customers, and payout disbursements to vendors, suppliers, employees and more, over API.
Why Stitch Payouts?
About Stitch
Precision engineering
We have a relentless obsession with solving new, complex problems. We build with painstaking attention to detail, to continually improve on conversion, experience and reliability for our clients and their users.
Client-led ethos
We offer deep support, working closely with client teams to co-develop bespoke and customised solutions that meet their unique needs – from product architecture to design and marketing support.
Deep infrastructure
We leverage deep connections across the entire payments stack to provide seamless access to financial systems, resulting in higher reliability and better performance.
“I had great sense of comfort when working with the Stitch team knowing they fully support our vision and our obsession with checkout experiences in our different channels.”
Sipho Tshabalala
“Amazing work by the Bash and Stitch teams to simplify our payment flows for TFG Account customers. It's super slick.”
Jessica Rohman
“It’s great to work with companies like Stitch who deeply understand the local markets we’re working with, and are able to offer advice to help us have the biggest impact.”
Jacob Cook
Developers
Build a better Payouts experience
Developer experience is a core KPI at Stitch. Our API is built on GraphQL, for faster and simpler queries and easier integration. Our client solutions team works with clients to build optimised, automated Payouts experiences, and deploy faster.
We created a custom enterprise dashboard to enable your team to easily view all transactions and their status in one place.
Iron-clad data privacy and security you can rely on
Stitch is a PCI DSS Level 1 Certified payment service provider.
We practice stringent data management and protection through the use of encryption and regularly monitor these systems through internal tests.
Our data protection and information security policies move through constant iteration in order to ensure that we proactively mitigate any potential threats to Stitch’s payment and client data.
What is the definition of a payout?
A payout refers to the process of transferring funds from a business bank account to another. At Stitch, disbursements and withdrawals fall under Payouts. Stitch Payouts enables businesses to initiate transfers programmatically over API.
How long does a payout take to settle?
Settlement times can vary based on factors such as the recipient's bank and the chosen settlement option. Stitch offers instant (RTC) or same-day (T+1) settlement times.
What is the difference between a disbursement and a payout?
A disbursement generally refers to the distribution of funds to multiple recipients, often for specific purposes like payroll, payment to vendors for goods or services or reimbursements. Withdrawals are a specific type of payout for businesses that offer digital wallets or accounts. These are initiated by the customer and include withdrawing funds previously deposited into their personal accounts.
What is an example of a payout or disbursement process?
A payout process might look like a business sending out monthly affiliate commissions to its partners, a marketplace paying its vendors or suppliers, a ride-hailing business paying its drivers or a business sending payroll. With Stitch Payouts, the business can initiate a bulk transfer of funds to all the recipients accounts and send one-off or in bulk.
Increase adoption, improve conversion and optimise finance operations
Learn how you can start building a winning payments experience with Stitch