TheroPay Product Update: Faster Payouts, New Countries

We're excited to announce significant improvements to TheroPay's payout infrastructure that will help you move money faster and reach more markets globally. These updates represent months of engineering work and strategic partnerships to enhance our payment capabilities.

Faster Payout Processing

We've reduced payout processing times across all major corridors through infrastructure optimizations and new banking partnerships.

What's Improved

• Same-day payouts now available in 15+ markets (previously 8)
• Next-day settlement for 95% of transactions (up from 87%)
• Real-time status updates throughout the payout process
• Automated retry logic for failed transactions
• Enhanced reporting with detailed settlement timelines

New Market Coverage

We've expanded our payout network to include 12 new countries, focusing on high-growth markets where our merchants are seeing increased demand.

Newly Supported Markets

• Southeast Asia: Vietnam, Philippines, Thailand
• Latin America: Colombia, Peru, Chile
• Europe: Poland, Czech Republic, Hungary
• Middle East: UAE, Saudi Arabia, Qatar

Each new market includes support for local banking networks and popular payment methods, ensuring seamless fund delivery to recipients.

Enhanced API Capabilities

We've upgraded our payout APIs with new features that give you more control and visibility over your payment operations.

New API Features

• Batch payout processing for high-volume operations
• Real-time webhook notifications for all status changes
• Enhanced error handling with detailed failure reasons
• Payout scheduling for future settlement dates
• Comprehensive transaction search and filtering

// Example: Schedule a batch payout
const batchPayout = await theropay.payouts.createBatch({
  payouts: [
    {
      recipient_id: "rcpt_123",
      amount: 10000,
      currency: "USD",
      scheduled_date: "2025-08-15"
    },
    {
      recipient_id: "rcpt_456", 
      amount: 25000,
      currency: "EUR",
      scheduled_date: "2025-08-15"
    }
  ],
  batch_reference: "monthly_payouts_aug_2025"
});

Improved Dashboard Experience

Our merchant dashboard has been redesigned to provide better insights into your payout operations.

• Real-time payout tracking with detailed status updates
• Enhanced analytics with settlement time breakdowns
• Bulk actions for managing multiple payouts
• Customizable alerts for failed or delayed transactions
• Downloadable reports with detailed transaction data

Security and Compliance Updates

As we expand into new markets, we've strengthened our security and compliance infrastructure to meet local regulatory requirements.

• Enhanced AML screening for all new markets
• Local compliance certifications where required
• Improved fraud detection for cross-border payouts
• Additional authentication options for high-value transactions
• Audit trails meeting local regulatory standards

Performance Metrics

Here's how these improvements translate to real-world performance gains:

• 99.7% payout success rate (up from 99.2%)
• Average processing time reduced by 52%
• Customer support tickets related to payouts down 34%
• Same-day settlement availability increased by 87%

What's Next

This release is part of our broader initiative to make global payouts as simple as domestic ones. Coming up in Q4 2025:

• Instant payouts in 5 additional markets
• Support for central bank digital currencies (CBDCs)
• Enhanced mobile wallet integrations
• AI-powered payout optimization recommendations
• Extended API rate limits for enterprise customers

Getting Started

All existing TheroPay merchants automatically have access to these improvements. No integration changes are required for the enhanced processing speeds and new markets.

To take advantage of the new API features, update to the latest version of our SDK or review our updated API documentation.