Initiate seamless, automated payouts: 24/7, 365
Easily payout funds to any account with the most reliable payouts solution in South Africa. Enable seamless withdrawals and send disbursements over API, with instant or same-day settlement, 24/7, 365. Now with RPP.
Send disbursements and withdrawals over API
Stitch Payouts enables enterprise businesses to payout withdrawals and send disbursements to any South African bank account - at scale. We process payouts 24/7, 365, over any payment rail in South Africa. Transactions are automatically routed using the optimal rail and bank, to ensure peak reliability and uptime.
Stitch Payouts also allows finance teams to schedule one-off or bulk disbursements from a float account over API, removing the admin burden of accounts payable. Payouts can be settled instantly, including via RPP, or same-day (t+1), for a payments solution enterprise teams can rely on.
Under the hood: 24/7, 365 reliability
The Stitch Payouts solution is designed for enterprise businesses processing payouts at scale. We can initiate payouts 24/7, 365, over any payment rail available in South Africa - including RPP. We have multiple integrations across banks and rails, packaged in an easy-to-use API that’s designed specifically for enterprise businesses.
We automatically route each transaction using the optimal rail on the backend, depending on whether a business is looking to maximise speed or to reduce costs. We also route payments to alternative banks to avoid any downtime, ensuring peak reliability.
Why Stitch Payouts?
ISO 27001 + PCI DSS Level 1 certified
We practice stringent data management and protection through the use of encryption and regularly monitor these systems through internal tests.
Our data protection and information security policies move through constant iteration in order to ensure that we proactively mitigate any potential threats to Stitch’s payment and client data.
About Stitch
Precision engineering
We have a relentless obsession with solving new, complex problems. We build with painstaking attention to detail, to continually improve on conversion, experience and reliability for our clients and their users.
Client-led ethos
We offer deep support, working closely with client teams to co-develop bespoke and customised solutions that meet their unique needs – from product architecture to design and marketing support.
Deep infrastructure
We leverage deep connections across the entire payments stack to provide seamless access to financial systems, resulting in higher reliability and better performance.
I had great sense of comfort when working with the Stitch team knowing they fully support our vision and our obsession with checkout experiences in our different channels.”
Sipho Tshabalala
Product Manager Online Platforms
Amazing work by the Bash and Stitch teams to simplify our payment flows for TFG Account customers. It's super slick.”
Jessica Rohman
Head of Product
We’re building a truly modern platform to manage frontline workers, and to do that we need best-in-class tools. Partnering with Stitch has enabled us to bring speedy payments to our customers, using the most modern payments technology in South Africa.”
Caroline van der Merwe
CPO + Co-founder
We’ve had a great experience working with the Stitch team. We could communicate quickly and efficiently. The response time was fantastic, and whenever we had issues, the team really jumped on it and solved it for us as quickly as possible.”
Frans Joubert
Chief Financial Officer
What is the definition of a payout?
A payout refers to the process of transferring funds from a business bank account to another. At Stitch, disbursements and withdrawals fall under Payouts. Stitch Payouts enables businesses to initiate transfers programmatically over API.
How long does a payout take to settle?
Settlement times can vary based on factors such as the recipient's bank and the chosen settlement option. Stitch offers instant or same-day (T+1) settlement times.
What is the difference between a disbursement and a payout?
A disbursement generally refers to the distribution of funds to multiple recipients, often for specific purposes like payroll, payment to vendors for goods or services or reimbursements. Withdrawals are a specific type of payout for businesses that offer digital wallets or accounts. These are initiated by the customer and include withdrawing funds previously deposited into their personal accounts.
What is an example of a payout or disbursement process?
A payout process might look like a business sending out monthly affiliate commissions to its partners, a marketplace paying its vendors or suppliers, a ride-hailing business paying its drivers or a business sending payroll. With Stitch Payouts, the business can initiate a bulk transfer of funds to all the recipients accounts and send one-off or in bulk.
Increase adoption, improve conversion and optimise finance operations
Learn how you can start building a winning payments experience with Stitch.