Payout models

The uP Payouts solution is built to accommodate 2 payout models. Deciding which model to use depends primarily on your organisation’s payout use case(s).

Remittance model

The Remittance model is best suited for payout use cases that require funds be sent directly to a recipient’s preferred transfer method (for example, directly to their bank account or alternative payment method) based on the payment instructions that you provide to the uP Platform. The Remittance model is designed for either one-time payouts, such as refunds, rewards, insurance claims, or it can also be used to provide recurring payouts (for example, commissions and seller fees).

Stored-value model

Coming in 2024

The Stored-value model is best suited for recurring payout use cases. It can also be used to enable a recipient to select their preferred transfer method in the case of a one-time payout use case. With the Stored-value model, every recipient is provided with an uP Wallet; this is where they will initially receive their payments. The recipient will then have the ability to onboard and create their preferred transfer method. Funds in a recipient’s uP Wallet are fully owned by you, the Enterprise Marketplace; recipients take ownership of the funds only once they have been transferred out of their uP Wallet (and thus out of the uP Platform ecosystem) to a specified external transfer method such as bank account or alternative payment method. With the Stored-value model, recipients can decide when, how much, and to which transfer method they wish to transfer their uP Wallet balances.