Hyperwallet

Hyperwallet, part of PayPal, is a payout platform that helps organizations send mass payments to sellers, contract workers, freelancers, and claimants worldwide. It addresses the complexity of disbursing funds to both banked and unbanked payees across multiple countries, covering payments such as commissions, rewards, claims, and rebates.

The platform supports payout methods including PayPal, Venmo, bank account transfers, direct to debit, check, prepaid cards, virtual prepaid cards, eGift cards, and cash pickup. Payees can receive funds through a PayPal-managed Pay Portal or an embedded payout experience. Integration is available via API, web upload, or file transfer, with multi-currency funding options. Additional capabilities include detailed reporting, 1099 tax reporting, payee verification, multilingual payee support, and Payment Tracker Technology.

Hyperwallet serves small and medium-sized businesses, large enterprises, and marketplaces or platforms. SMBs use self-serve onboarding with a single payout program, while enterprise and marketplace configurations support multiple payout programs through one integration with personalized onboarding. Payout method and feature availability vary by country.