Sending Money Out: A Guide to Monnify Payouts
Monnify lets you automate payments to your customers, vendors, and employees directly from your Monnify wallet, either through your dashboard or via API integration.
Monnify Channels for Payout
Monnify supports three payout channels:
- Dashboard Transfers (Single & Bulk): Move money from your dashboard. This payout channel is ideal for paying one-off invoices, or uploading a single spreadsheet to process payroll for multiple employees at once.
- Bank Transfers via API: Ideal for teams that want full automation. Integrate the Monnify Disbursement APIs to programmatically send funds from your Monnify wallet into any bank account.
- Offline Payouts via Paycodes: Generate a unique 10-digit paycode that your customer can take to any Moniepoint Agent to withdraw cash.