Understanding the Basic Payout Flow with Mozaic.io

When using Mozaic.io, the payout flow consists of two essential parts, with optional steps depending on your use case. Below is an overview of how these components work together to facilitate seamless global payments.

Key Components of the Payout Flow

1. Funding the Payout

The first step in the payout flow is specifying the funding source. Mozaic.io supports various funding options, depending on the country of the sender. These include:

Debit Cards
Bank Accounts
Mozaic Wallet Balance
Other Regional Payment Methods (varies by country)

2. Executing the Payout

Once the funding source is set, the payout process moves to the execution phase. This step involves sending the specified amount of money to the recipient, minus any applicable fees.

Recipient Withdrawal: Optionally, recipients can withdraw their funds to their destination bank account or other supported payout methods.
Processing Time: Mozaic.io provides an estimated timeline for when the funds will appear in the recipient's account. However, it’s important to note that withdrawal success cannot always be detected in real-time.

Onboarding for Payouts

Onboarding is a critical requirement when dealing with payments, especially in global transactions. Mozaic.io ensures compliance with international regulations and mitigates risks through the following measures:

KYC (Know Your Customer): This process verifies the identity of users and the source of funds to meet regulatory requirements.
AML (Anti-Money Laundering): Measures are implemented to detect and prevent suspicious activities in compliance with international laws.

For more information on our compliance policies and guidelines, refer to the Compliance Section.

This enhanced overview provides developers and businesses with a clearer understanding of how Mozaic.io handles global payouts while prioritizing compliance and user experience.