Dear ,

SabPasia is happy to share the news of our new product, 'SabPaisa Payout.' 'The easiest way to pay your vendors, customers, partners.'

SabPaisa Payout is a holistic payment solution for Businesses who seek to pay out to their Partners/Vendors/Customers. Complete control over the transactions and a system with the easiest reconciliation and settlement.

Please find below the details on the same.

SabPaisa Payout

Release Note Version 1.0

Table of Contents

Introduction                                                                                                   3

About This Release                                                                                      3

Value Proposition                                                                                          3

Features                                                                                                        4

Target Markets                                                                                              4

Process Flow                                                                                                5

Product View                                                                                                5

Supporting APIs                                                                                           8

SabPaisa Payout

Version: Payout Version 1.0

Date: 29/07/2021

Introduction:

This release enables merchants to Pay-out their customers, vendors etc. through SabPaisa by using their own software (by calling SabPaisa APIs). Merchants can deposit money in their SabPaisa’s account and the payout that merchants make will be deducted from this account.

About This Release:

SP Payout Version 1.0, Releases are as follows:

●      Integration APIs Documents for Merchants

●      Merchant Dashboard (Reports)

Value Proposition:

● SP Payout gives complete control over the Merchant’s payout management providing 100% customization options for in-depth integration with the System.

● 24x7 Payments options for a hassle-free transaction even on weekends and bank holidays.

●Multifold security layers with Bank Account and Whitelisted IP Transaction Validation to secure the payments.

●Dedicated Centralized dashboard that provides add-on support for all the transactions, to provide hassle-free real-time support.

Features:

●      Merchants can deposit amounts in SabPaisa’s account.

●      Merchant can pay out their customers, vendors, etc through Sabpaisa’s APIs.

●      Dashboard for the Merchant.

●      Merchants can enquire about the Transaction Status.

●      Real-time Transaction reports.

●      Whitelisted IP for transaction validation.

●      Bank account validation before settlement.

Target Markets:

●      Gaming Market

●      E-commerce Market

●      Logistic Solution Applications

●      eMarketplaces

Process Flow:

Product View:

●  Two-step verification for the login. First verification requires Merchant’s “Username” and “Password”.

●   In the second step of verification for login, “OTP” will be sent to the registered mobile number.

●   Once the verification is completed, merchants will be redirected to Merchant’s Dashboard which has Merchant’s Ledger as a default set page.

●    The ledger will show the present-day Total Credit, Total Debit, and Total Balance information of the merchant’s account. The green background signifies all debit transactions and Red background signifies all credit transactions.

●    Details of each and every transaction can be seen through “Detailed Transactions”.

●    Through Transaction History, merchants can see all the transactions that he/she had made. Merchants can search for any particular transaction through the search bar.

Supporting APIs:

(For Merchant Integration)

●    Payout Transaction Request: This API will request Payout transaction requests. For Ex: Merchant will put the amount, details of beneficiary, mode of payment (IMPS, NEFT, RTGS) and submit it or process it. This transaction will not be processed until and unless the beneficiary is not added by the Merchant.

●    Add Beneficiary: This API will help in adding the beneficiary and beneficiary’s details.

●    Payout Transaction Enquiry: Through this API, IDs are passed through. For Ex: Client Transaction ID, Payout Transaction ID, etc. Once the ID is passed we can see the response, whether the transaction is processed or not, whether it was successful or not, basically to check the status of the transactions.

●    Webhook: Once the transaction is successful, after half an hour it will automatically call on the merchant’s webhook and the merchant will accept this webhook call and update it on his/her database that this transaction was successful.