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A payout converts crypto held in a Privy wallet to fiat and settles it to an external bank account. Payouts run as a wallet action, so a single API call sends the crypto on-chain and settles the fiat. Privy handles the provider-side routing, so your app only names the wallet, the amount, and the destination bank account.

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How a payout works

  1. Register the external bank account against the user or organization being paid.
  2. Create a payout action to that external bank account, specifying the source asset, chain, and amount.
  3. Track the status as Privy sends the crypto on-chain and the provider converts and settles the fiat.

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Getting started

Setup

Verify the paying entity and configure the provider

Register a bank account

Save the bank account a payout settles to

Execute a payout

Convert crypto to fiat in a single call