A payout is a transfer of money that a company makes to third parties: suppliers, employees, freelancers, users, or any person or business that needs to receive a payment. Unlike collections (where you receive money), payouts are the payments you send. Some typical examples are paying payroll, paying commissions to sellers, reimbursing expenses, paying vendor invoices, or sending profits to users of your platform.

Any company that makes recurring or volume payments: gig economy platforms that pay drivers or homeowners, fintechs that process remittances or refunds, marketplaces that disperse profits to sellers, companies with decentralized payroll or freelancers, businesses that pay sales commissions, or any company that wants to automate their accounts payable. If you're using Excel and banking portals to pay more than 20 people on a regular basis, Cobre is a solution for making your massive payouts across different bank rails.

Cobre's Payouts is a disbursement solution for the Local Payments product that allows you to pay suppliers, employees and users from a single platform, without relying on banking portals. Through our API or Portal, you upload the payments (one by one, in batches or scheduled), and we take care that they arrive. We use local payment rails such as Bre-B in Colombia and SPEI in Mexico to ensure that money reaches 100% of bank accounts in Latam in seconds, including banks, digital wallets and cooperatives.

No, Cobre is not a digital bank. We facilitate the electronic transfer of business funds from your source accounts to those of your recipients in Latin America. You control the process on our platform, but we do not collect, manage or hold your funds for investment purposes.

Through a coordinated process that is invisible to the user. First, Cobre receives your funds into a Cobre Global Balance in USD and executes a cross-border money transfer to exchange the dollars for the agreed local currency (COP or MXN). Immediately, this local balance is used to initiate a Local Money Transfer (via SPEI, Fast Pay or Bre-B) that delivers the funds to the final recipient.

Yes. You have a scheduler that allows you to automate recurring payments and set specific dates for your transactions to be carried out without manual intervention.

Our system automatically handles rejected returns and transfers. You receive instant notifications so that your finance team can act on the information without delay or time lag.

All cross-border transactions require enterprise-level validation. You can only send funds to Global Counterparties that have passed a rigorous verification process. 

Furthermore, Cobre allows you to integrate approval workflows (creator and reviewer), ensuring that every batch of payments undergoes a strict review before being processed. All of this is backed by international certifications such as ISO 27001 and SOC 2 Type II.