Dynamic Payout Daily Operations Guide - Overview

This document is intended for use by operations and financial professionals to assist with day-to-day monitoring and management of the Worldpay Dynamic Payout funding model. Use this document after completing your integration and certification testing and have started processing live transactions.

This document also includes information on Canadian Dynamic Payout--which is nearly the same as the U.S. version--with differences noted throughout the document.

To complete the daily steps outlined in this guide, you’ll use the following Worldpay eCommerce products and tools:

  • Scheduled Secure Reports (SSR) Service - an automated service designed to create one or more predefined reports and make them available in your merchant FTP account for retrieval.

  • eCommerce iQ Merchant Reporting and Analytics - a simple to use, web-based interface that allows you to access a wide variety of financial data and reports for transactions processed through Worldpay.

  • cnpAPI - the data format used for payment processing with Worldpay, as well as funds distribution via Dynamic Payout.

For comprehensive information about the features and services mentioned in this guide, see the following Worldpay eCommerce technical documents:

  • Worldpay eComm Scheduled Secure Reports Reference Guide

  • Worldpay eComm iQ Reporting and Analytics User Guide

  • Worldpay eComm cnpAPI Reference Guide

  • Worldpay eComm PayFac API Reference Guide

  • Worldpay eComm Dynamic Payout Information

  • Worldpay eComm Dynamic Payout FAQs

  • Worldpay eComm Dynamic Payout Same Day Funding FAQs

About Dynamic Payout

Dynamic Payout is a solution platform that controls the distribution of funds using flexible, customized instructions defined by the developer. The solution provides a closed-loop transaction life cycle from payment to payout.

Putting the developer in control, payout is dependent upon submitting instructions each time a payout is required. Dynamic Payout requires that a balance covering the amount of each instruction be available in the developer’s FBO account. A developer can submit instructions as long as funds are available to meet the request. This means that it is not necessary to wait for the previous day’s transaction activity to be deposited as long as there is a reserve in the FBO account.

Dynamic Payout funds sub-merchants via the ACH network or Debit rails in the U.S., or the Canadian EFT network. With Dynamic Payout, sub-merchants are boarded under the Payment Facilitator hierarchy and payment transactions are sent to Worldpay. Rather than funds being directly settled to the Payment Facilitator’s sub-merchants for the full previous business day activity amount, funds from settled transactions accumulate in an FBO (For Benefit Of) account.

Developers distribute funds to sub-merchants by submitting a Batch file or calling an API containing Funds Transfer Instructions. Instructions are based upon payout agreements between Payment Facilitator and their sub-merchants (daily, weekly, monthly, etc.). Worldpay processes the instructions and moves the funds from the holding account to the sub-merchants. Funding can take place as early as the next day after settlement, and within minutes of sending in the instruction.

The structure of Dynamic Payout Funding Instructions via Online transactions is identical to the Batch version, except the parent is cnpOnlineRequest instead of batchRequest. Additionally, the cnpOnlineRequest element includes an attribute, sameDayFunding, that allows you to execute the Funding Instruction for same day settlement. When you set this attribute to true, the funds settle to the destination account on the same day, subject to certain restrictions (see Same Day Funding).

The Canadian Dynamic Payout product does not include support for certain features and reports due to differing regulations and banking restrictions. In other cases, certain features and reports are not be available due to the BETA status of the Canadian Dynamic Payout product. These differences are noted throughout this document.

Before You Begin

After you review the steps outlined in this guide, but before you begin your daily processes, please review the Definitions, the Scheduled Secure Reports (SSR) section, and the Frequently Asked Questions at the end of this document.

 

Daily Operational Steps