Global Clearing

Verto Global Clearing is a global payout solution that lets businesses send funds to recipients worldwide — across currencies, corridors, and payment rails — directly via API.

It supports two core use cases:

• Fintechs & financial institutions — Send funds on behalf of underlying customers, including both corporate clients and individual end-users for remittance last-mile delivery.
• Corporates — Disburse funds for global mass payouts: supplier payments, payroll, merchant settlements, or any scenario where the business itself is the principal sender - including where financial services provides are acting in a principle.

Before you begin

Compliance approval — fintechs & financial institutions

Global Clearing is a regulated product. Fintech and FI clients must obtain compliance approval before going live with downstream payment flows. If you have not already been approved, contact your account manager, sales representative, or reach out to [email protected] to begin the approval process.

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Important
Initiating downstream payment flows without prior compliance approval will result in

transactions being flagged and your account being suspended. Do not go live until approval is confirmed.

Currency coverage

Currency and corridor availability varies by use case, client type, and region. Contact your account manager or sales representative before integrating to confirm coverage for your specific corridors.

Primary wallet funding

In all flows, your primary Verto wallet must be funded before initiating a payout. You can fund in the payout currency directly, or fund in another currency and convert as part of the payout flow.

Payout flows

Global Clearing supports two API flows depending on your integration preference.

Two-step flow: FX API + Payout API

1. Optional - Call the FX API to convert funds into the target currency.
2. Call the Payout API to send the converted funds to the beneficary.

If you have pre-funded in the payout currency, step 1 can be skipped. See the FX API guide - needs adding for full details on currency conversion.

Single-step flow: Exchange & Payout API

Call the Exchange & Payout API to convert and disburse funds in a single API call. Recommended when you want to reduce round-trips and execute FX and disbursement atomically.

Sender object — payment on behalf of

For fintech and FI use cases where you are sending funds on behalf of an underlying customer, you must include a sender object in your payout request. This identifies the originating party behind each transaction and is a core compliance requirement under anti-money laundering regulations.

The sender object supports two originator types:

• Corporate senders — for B2B flows where your underlying customer is a business making a payment to a supplier, counterparty, or vendor.
• Individual senders — for remittance and last-mile delivery flows where your underlying customer is a private individual sending funds to a recipient.

The sender object is not required if you are disbursing on your own principal basis. Common examples include:

• A card acquiring partner executing merchant settlements, where your business is the sender of record.
• Your not a fintech or financial institution, and are dispersing your own funds
• A insurance company, performing claims payouts to it's customers

If you have a question on when

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Compliance requirement

Omitting the sender object when required will cause transactions to be flagged for compliance review. If you are unsure whether your use case requires a sender object, contact your account manager or sales representative before going live.