Business Instant Payout for Third Parties API
The Business Instant Payout for Third Parties API (BIP-TP API) is a fully automated payment solution designed for businesses that handle high transaction volumes.
As a third-party software provider, you can seamlessly integrate instant payouts for partners, users, and employees by having your users pre authorising the payments. While standard payment orders require authorization within the Rabo Business Banking, a BIP transaction is processed using certificates, eliminating this need.
BIP allows you to fully automate payment initiation from your application, enabling instant processing of payment orders.
To know more read, Rabo Banking Link for third parties.
The account holder should set up a dedicated current account for use with this integration only, read more about it here.
Features
Working with Rabobank
To ensure a smooth start with the Business Instant Payout for Third Parties API, your business should meet the following conditions:
- High degree of automation.
- Professional IT environment and good infrastructure.
- Permanently available security expertise to use Business Instant Payout for Third Parties API and safeguarding its security.
Connecting with Business Instant Payout
To connect with Business Instant Payout for Third Parties you need the following:
- An EV SSL certificate for transport.
- An EV SSL signing certificate for signing messages.
- An active Rabobank business account.
Rabobank accepts:
- EV SSL certificates from the certificate issuers listed in the Mozilla CA Certificate report.
- X.509 format
- RSA: key length should be at least 2048-bit
- Certificate should be valid for a maximum of one year.
You are responsible for the application, certificate purchases, and other costs involved.
You may use duplicate certificates but they must comply with all the listed requirements.
You can open a Rabobank business account through our website.
Implementing
Rabobank actively assists customers throughout the implementation process.
A dedicated Rabobank Implementation manager is assigned to you during the implementation of the Business Instant Payout for Third Parties API.
Rabobank offers you a Sandbox account for your end-to-end testing to ensure everything runs smoothly for production.
After signing the contract, you get access to the production API where you can connect the API to your application.
Get in touch
To connect with the Business Instant Payout for Third Parties API, contact your Rabobank Transaction Banker/Financial Logistics Consultant.