PayOut Service

As of January 2007, GlobalCollect will roll out its Global payout service enabling merchants to transfer money electronically to their customers in nearly 50 countries. Payouts will be pre-funded by merchants in one or few currencies. Merchants will also provide bank account data of the recipient. GlobalCollect will validate the bank account information and transfer funds.

Availability

In the first phase of the launch the service will be offered in the UK, France, Germany, and The Netherlands. Additional countries will be live in the second phase.