Beneficiaries

Beneficiaries are the recipients of payouts. Each beneficiary holds essential details such as contact information, unique identifiers, and associated accounts where funds will be transferred. Defining beneficiaries ensures payouts are routed to the correct destination securely and accurately.

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

Navigate to Beneficiaries

Go to Beneficiaries → Create Beneficiary

2

Fill in Beneficiary Information

Provide beneficiary general information

3

Add Account Information

Click + Add New Account under the Account Info section.

Recipient Type: Select the type of recipient (international bank account, or local bank account).

Additional account-specific fields will appear depending on the selected type.

Multiple accounts can be added by repeating this step.

4

Save the Beneficiary

• After completing the form, click Done.

• The new beneficiary will now appear in the Beneficiaries List, with details such as:

  • Name, Email, Phone, Identifier, Sandbox status.

• From the list, you can later edit, update, or delete beneficiaries.

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