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Sanjna Verma

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Intro

Payouts enables users to seamlessly and instantly make withdrawals and refunds from the app or service that they are using. This is accomplished by opening and pre-funding an e-money account, from which funds can be sent to users requesting a payout. Today, Plaid partners with Railsr<sup>1</sup>, an authorised e-money institution, for the provision of e-money accounts to facilitate Payouts. 

Intro and footnote

Payouts launch blog

<sup>1</sup>&nbsp; Railsr, also known as PayrNet Limited, is authorised by the Financial Conduct Authority (FCA) in the UK. FRN: 90059

Footnote - FCA

To help drive adoption for open banking payments and make it a full stack payment solution, today we’re excited to announce a new product–Payouts. 

Introducing Payouts in the UK - enabling your users to instantly make withdrawals and refunds

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Albert Malikov

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Modular Link enables you to customise your user interface, without the challenges of front-end integration complexities, to optimise your open banking UX.

The latest from Plaid

Introducing Payouts in the UK - enabling your users to instantly make withdrawals and refunds

Improving the payments experience in the UK