Counterparties

You can create and manage Counterparties (your payout recipients) and how to pay them (Payout Methods) via the Counterparty and Payout Method primitives. This is the preferred way to manage / create Payout Requests.

Counterparty

A Counterparty represents a single recipient you may want to send funds to. Counterparties can be either of type Individual or Business. You can create and modify your counterparties using the Counterparties API. In order to use a Counterparty in a Payout Request, you must have at lease one Payout Method associated with the Counterparty.

Payout Method

Payout Methods represent the method in which you may send funds to a Counterparty. A Payout Method can be created and managed via the Payout Methods API. If you are already familiar with our Payout Requests API, you'll notice that the Payout Method corresponds to the existing "inline" recipientInfoin a given Payout Request.

Payout Methods have two high level types:

1. Fiat: use this Payout Method if you wish to initiate a Payout Request to a bank account denominated in a given fiat currency.
2. Blockchain Wallet: use this Payout Method if you wish to initiate Payout Request to send USDC/T to your recipient.

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Note

Currently a Counterparty can only have a single blockchain wallet Payout Method.