6. Create a Payee (external bank account)

What is a Payee?

When a profile is created and verified, a payee of type wallet is also created for each currency.  For a profile to make a payment to another profile you’ll need to specify the funding source ID of the payer and the payee ID of the recipient.

There are two types of payee – wallet (created by the Customate platform) and bank_account (created manually).

Payments can be internal (wallet to wallet) or external (wallet to bank account).

How to pay to an external bank account

For a profile to pay funds into a bank account, the payee must be of type bank_account. Therefore, that payee must be created manually and you must inform Customate of the relevant bank account details.

Specify the currency, recipient, the currency, their sort code and account number (for GBP) or IBAN (for EUR).

Create Payee

API documentation for create payee.