A payout is made to a contact (similar to a beneficiary in banking terminology). A contact is defined by certain properties such as name, email id and phone number and has associated fund accounts (bank account or UPI handle) to which payouts can be made.
There is no limit to the number of contacts you can have. There is no cool-down period after adding a contact. Once added, the contact is immediately available for further actions.
When creating a contact, you are required to assign a type to the contact. This helps categorize contacts and analyze payouts made to each category. The following types are available in the system by default:
vendorcustomeremployeeselfHowever, you are not restricted to use only these types. You can create your own custom types for contacts, as applicable to your business, from the RazorpayX Dashboard.
Action | API | Dashboard | Bulk Upload |
|---|---|---|---|
Create a contact | ✓ | ✓ | ✓ |
Update a contact | ✓ | ✓ | x |
View contact details | ✓ | ✓ | x |
Mark as inactive | ✓ | ✓ | x |
Read more: Create contacts using APIs.
Read more: Create contacts in bulk.