The process is divided into three main flows:
Prefunding your Balance
- Your balance refers to stored value in your Xendit account which can be sent out in remittances or withdrawn. Before you do any remittances, you will first have to add to your balance in Xendit (“prefund”). You can do this by transferring funds to Xendit’s bank account
- You will need to convert your USD balance to designated Currency (IDR or PHP) in bulk via Xendit by contacting our CS/AM. Xendit then will trade your funds via our bank partner. This process is separated from the remittance creation and need to be done prior to creating remittance transaction.
- Create Remittance Payout by following our that will be explained in more detail on the next section