Payout/Settlement

Overview

Once your PayMongo account is activated at Tier 1 (Basic Account), your funds will be automatically settled to your PayMongo Wallet.
If you wish to transfer funds to external banks or e-wallets via InstaPay and PESONet, or receive payouts directly to your Business Bank Account, you'll need to upgrade to Tier 2 (Fully Verified Account).

Use the table below to understand how payouts work for each account tier.

Tier Comparison

Feature

Tier 1 (Basic Account)

Tier 2 (Fully Verified Account)

Payout / Settlement

PayMongo Wallet

PayMongo Wallet or Business Bank Account

Wallets

Manage and send funds to other PayMongo wallets.

Cash in = ₱10k monthly Cash out = ₱50k monthly

Send funds to external banks and e-wallets via InstaPay and PESONet.

Cash in = ₱15M
Cash out = no limit


⚠️ Bank Payout Requirements for Corporations

To receive payouts to your nominatedBusiness Bank Account, Corporations are required to submit a Duly Notarized Secretary’s Certificate .

✅ The Secretary’s Certificate must:

  • Authorize the person transacting on behalf of the company with PayMongo
  • Confirm the official settlement account (must be a Business Bank Account — not a personal account)
  • Be notarized
  • Be signed by the Corporate Secretary or another board member
  • Not be self-certifying.
    (If the Corporate Secretary is the authorized representative, the certificate must be signed by another officer)
❗️

If documentary requirements are incomplete or missing, payouts may be placed on hold until all required documents are submitted and verified.