Beneficiaries

A Beneficiary is the person or business that receives money from your payouts. Each beneficiary can have one or more bank accounts (local or international).

Recipients

They are the final destination of every payout.

Flexibility

A beneficiary may have multiple accounts (e.g., SAR account and USD account).

Organization

Helps you keep track of who you are paying and where.

Adding a Beneficiary

1. Go to Beneficiaries → Create Beneficiary

2. Fill in the beneficiary details:

Field	Description
Name	Beneficiary’s full name or company name
Email	Contact email
Phone Number	Contact phone
Identifier	An internal ID or reference
Accounts	Add one or more accounts (IBAN, account number, currency)

1. Save the beneficiary.

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Example

• Name: Al-Rashid Restaurant

• Email: [e-mail]

• Phone Number: [phone]

• Identifier: REST123

• Accounts:

  • IBAN: SA123456789 – Currency: SAR

  • Account No: 00123 – Currency: USD

This beneficiary can now be selected whenever you create a Payout Intent.