Adyen unveils PayOut service for International businesses

NETHERLANDS: Adyen, a global payment company has yesterday introduced its new service namely PayOut service, a simple and effective way for businesses to manage outgoing payment processes to suppliers or third parties around the world. By automating the payout process, Adyen removes the need for businesses to operate independently through local banks in different countries, and in doing so, generates significant administrative and cost savings.

Adyen’s PayOut service fully supports all major payment methods, including CFTs on credit cards, bank transfer, Skrill, Neteller, PayPal, Click&Buy and IBAN payout. With the launch of this PayOut service, Adyen can expand their client portfolio in the gaming, gambling, retail and travel industry.

by Alice Lee