How does the disbursement through bank transfer work?

November 15, 2023

Follow the step-by-step process in this article to use the money disbursement by internet transfer in your merchant.

The funds or money disbursement by wire transfer is a service that simplifies financial management. By using it, you will be able to make payments from a single bank account to the accounts of your users.

The payment process

Stages of the payment process

A funds’ disbursement process usually consists of 5 stages:

Funds top-up on the Kushki disbursement account

It is necessary to check the funds of your merchant in Kushki, because if you do not have funds, the distribution process cannot be carried out. We recommend you top-up your account to distribute the money to the different accounts of your customers without any issues.

1. Data request

At this stage, the bank account details and the name of the user who will receive the money are collected. These are submitted to Kushki to be validated and processed.

2. Funds verification

Kushki receives the data that you submitted and validates that your merchant account has enough funds to process the payment distribution. The balance will be immediately deducted from your Kushki disbursement account.

3. Authorization

Once we have verified that you have sufficient funds in your disbursement account, we provide you with a transaction reference. At this stage, the distribution process is initiated, and it will be credited in a few minutes to the user’s bank account.

4. Funds delivery

All transactions generated will be sent in real time to the bank, and the bank will deliver the funds to the users’ accounts.

Merchant notification

The bank will notify us of the result of each transaction, and we will notify you immediately.

5. Notification to the user

This step is optional, but very useful, since, once we notify you the result of the transaction, you can share it with your users.