I am looking for a service that provides an API for payouts (to bank accounts or cards) in UK/Europe.
I have been looking around a bit. There are tons of payments services, but it's difficult to find payouts services (especially simple and affordable ones).
Stripe seems to have that with their Connect product but it looks a little cumbersome (I don't want my customers to have to agree to third parties' T&Cs or to know which vendor I use) and expensive.
Thanks!
https://en.wikipedia.org/wiki/Payment_Services_Directive
Most banks seem to offer environments for integrating with them (they are obliged to do so), in my understanding it's not a very enjoyable process though.
You will also need to register as a service provider to use this, I don't know how complicated that is. Some companies like Figo/Finleap provide higher-level APIs that you can use as a fintech/developer, maybe that might be a better strategy for you if your resources are limited.
We're a new, DNB-licensed Dutch startup already processing payouts for some companies in Europe. We provide a full range of services like KYC, payment/refund splits, virtual accounting system, payouts to IBAN/BBAN accounts, Paypal, etc., and reconciliation. Wanna schedule your payouts? No worries, we handle it. In this way, you can stay totally out of the money flow. Let us worry about it.
Also, we're psp-agnostic, meaning you can use multiple PSPs to process your payments.
Last but not least, you can fully integrate with our API. Our product is API-based.