Overview
Platforms and businesses often work with vendors across multiple countries and need a reliable way to pay them without setting up local banking relationships in each country. Vendors typically expect payments in their local currency, while businesses may hold funds in a single base or treasury currency.How Tazapay Helps
Centralized Payouts
Manage all vendor payouts from a single Tazapay balance
Local Currency Support
Pay vendors directly to their bank accounts in local currency
Automatic FX Conversion
Handles foreign exchange when payout currency differs from holding currency
Transaction Tracking
Full visibility with transaction-level tracking and reconciliation
Integration Flow
1
Fund Your Account
Business funds its Tazapay account
2
Credit Holding Balance
Funds are credited to holding balances
3
Initiate Payouts
Business initiates payouts to vendor bank accounts
4
Processing
Tazapay handles FX, local rails, and settlement
5
Track & Reconcile
Payout status and reconciliation are tracked via APIs and dashboard
APIs Involved
| Purpose | API | Endpoint |
|---|---|---|
| View holding balances | Fetch Balances | /v3/balances |
| Create payout | Create Payout | /v3/payouts |
| Track payout status | Fetch Payout | /v3/payouts/{id} |
| Reconciliation | Fetch Balance Transactions | /v3/balance_transaction/{id} |
| Event handling | Webhooks | payout.* |
Example: Multi-Country Vendor Payments
A US-based company works with vendors in multiple countries:India
Design agency paid in INR
United Kingdom
Marketing partner paid in GBP
Singapore
Software vendor paid in SGD
How Tazapay Handles These Payouts
Holding Currency
Holding Currency
Funds are held in one or more holding currencies on Tazapay (e.g., USD)
Payout Initiation
Payout Initiation
Payouts are initiated to vendors in their preferred local currency
Automatic FX
Automatic FX
If the payout currency differs from the holding currency, Tazapay performs FX conversion automatically
Local Delivery
Local Delivery
Vendors receive funds via local bank transfer or supported payout rails—faster and at lower cost than international wires
By using Tazapay, businesses eliminate the need for multiple banking relationships while ensuring vendors receive payments quickly in their local currency.