There are a range of add-on services to this product, please see them below:

Payout Approvals

This add-on supplements Hosted Payouts and Direct Payouts. Many merchants want customers to be able to request payouts at any time, but they want the ability to approve them before funds are released. This allows merchants to manage risk and KYC compliance by checking any requests to take money from the merchant account. payouts are a critical moment to spot and prevent fraud across industries, and Payout Approvals allows merchants to manage this process. Payouts awaiting approval will have a status of Queued. All payout options above can be used with any of the following payout approval scenarios. merchants can change which approval type they wish to use on a payout-by-payout basis by stating in the payout instruction whether the payout should be queued for approval.

If you wish for a Payout to require approval, you can send the isQueued parameter in the payment request set to 'true'.

{ 
    "isQueued": "true",
    }

Approving a request

When approving a payout, simply pass through the request as stated in the API Docs - Approving a Payout.

Rejecting a request

When approving a payout, simply pass through the request as stated in the API Docs - Rejecting a Payout.

When rejecting a Payout, this may be for a number of reasons. To help Yaspa with troubleshooting, we ask that where possible, you input a reason into the request.

Similarly, we request that whenever a queued payout is cancelled by the user, before it has been approved that you mark it as rejected and ideally with context in the reason field.

Types of Approval

Automatic Approval

Automatic payout approvals will complete as soon as the payout Journey has been successfully completed. As such, no approval is done here.

Manual Approval via the Yaspa Admin Back Office

For payouts marked as queued, the merchant admin team can view the list of payouts to review in the Yaspa admin dashboard and then approve or reject them via the admin dashboard.

Manual Approval via Direct API

Merchants may have their own back office systems that already have screens to view and approve payouts. merchants can integrate these systems with Yaspa using our approval APIs. For payouts marked as requiring approval, the merchant's Admin team would review the payouts in their own back office system, which would then send API calls to Yaspa to approve or reject.