Verification of Payee for marketplaces
How marketplaces and platforms verify seller and payee IBANs before payouts — reducing fraud and failed transfers across high-volume payments.
What Verification of Payee means for marketplaces
Marketplaces, platforms and gig-economy apps pay out to large, constantly changing populations of sellers, drivers and creators — a perfect target for payout fraud and a frequent source of failed transfers.
Verification of Payee confirms that the payee name matches the IBAN before a payout is sent, reducing both fraud and the operational cost of failed or misdirected payments.
Embedded into seller onboarding and payout flows through RoxPay, the check scales with the platform and keeps the payout experience fast for legitimate users.
Verification of Payee for marketplaces at a glance
What matters for platforms paying out at scale.
Many payees
Large, changing populations of sellers and creators raise payout risk.
Payout fraud
Verifying the name against the IBAN cuts fraudulent and wrong payouts.
At scale
Checks run across high payout volumes without slowing the flow.
Where the check happens
Verification at the moments that matter for payouts.
- Onboarding
Seller signs up
Verify the payout account holder name against the IBAN at onboarding.
- Before payout
Payout run
Validate IBANs before releasing payouts to sellers and creators.
- On change
Payout detail change
Re-verify whenever a payee updates their payout bank details.
What platforms get with RoxPay VoP
Safer payouts that scale with the marketplace.
Fewer fraud losses
Stop payouts to mismatched or fraudulent accounts.
Fewer failed payouts
Catch wrong details before a transfer fails and creates support load.
API at scale
One integration that handles high payout volumes.
Verification of Payee for marketplaces
Common questions from platforms.
Platforms pay out to large, changing populations of sellers and creators, which raises both payout fraud and failed-transfer rates. Verifying the name against the IBAN reduces both.
At seller onboarding, before each payout run, and whenever a payee updates their payout bank details.
No. The check is built for low latency and high volume, so it fits into automated payout flows without a noticeable delay.
Yes. RoxPay's API is designed for high-throughput payouts, so the check scales with the platform.
Make your payouts safer
Talk to RoxPay about verifying payee IBANs before every payout.