Instruct multiple payments in a single transaction.
The Bulk Payments product is available as a Beta version.
Yapily Bulk Payments enables you to initiate direct account-to-account bulk payments across the UK and Germany through a single API integration.
A bulk payment is a group of payments to be paid to multiple recipients in a single transaction. For a bulk payment the payment must be from the same bank account, on the same date, with the same currency and using the same payment scheme.
Note: Yapily does not support batch payments.
Bulk payments are currently supported by select banks in the UK and Germany for business and corporate integrations.
Bank coverage for bulk payments
|Allied Irish Bank Business (ROI)||UK|
|HSBC UK Business||UK|
|Royal Bank of Scotland||UK|
|Royal Bank of Scotland Bankline||UK|
|Santander UK Plc Business||UK|
|Silicon Valley Bank||UK|
The 3 main advantages of bulk payments:
Direct account-to-account bulk payments removes payments fees associated with payment processing.
Supports automated payment runs to reduce operational overhead and improve efficiency.
Initiate bulk payments in any currency supported by your bank.
Bulk payments can power:
Invoice payments: Streamline invoice, bill payments and reconciliation with embedded bulk payments.
Payroll: Automate payroll and save time by eliminating manual processing.
Don't see your use case? Let us know how you would like to use Yapily Bulk Payments.
The bulk payments experience can be embedded into any application. You build and self-host the user facing screens, giving you full ownership and control over the experience in your application, with the Yapily Bulk Payments API powering the payments behind the scenes.
Note: We recommend you follow our PIS UX guidelines for examples of best practices when building the user facing screens.
Note: Banks use different methods to authenticate and collect consent from users. Yapily supports all user authorisation flows and you may need to implement multiple user authorisation flows depending on which banks you want to integrate with.
See our bulk payments tutorial to explore a sample integration with Yapily Bulk Payments.