Payout Methods

ByteConnect offers multiple payout options to receive your funds in your preferred format.

Available Payout Methods

Lightning Network

Fastest option - Receive Bitcoin instantly via Lightning Network.

Detail	Value
Speed	Instant
Minimum	No minimum
Fees	Network fees only
Best for	Frequent, small payouts

Bitcoin (On-chain)

Receive Bitcoin directly to your wallet.

Detail	Value
Speed	10-60 minutes
Minimum	0.001 BTC
Fees	Network fees
Best for	Larger amounts, cold storage

USD (ACH Bank Transfer)

Convert to USD and receive via bank transfer.

Detail	Value
Speed	1-3 business days
Minimum	$100 USD
Fees	1% conversion fee
Best for	Business expenses, USD accounting

USDT (Tether)

Receive as USDT stablecoin.

Detail	Value
Speed	10-30 minutes
Minimum	50 USDT
Fees	Network fees
Best for	Stable value, crypto liquidity

Configuring Payouts

From the Admin Panel

Log into your Merchant Portal
Navigate to Settings > Payouts
Select your preferred payout method
Enter destination address or bank details
Set automatic payout threshold (optional)

Automatic Payouts

Configure automatic payouts when your balance reaches a threshold:

Enable Auto Payout
Set minimum balance threshold
Payouts process automatically when threshold is met

Requesting a Payout via API

curl -X POST https://quinix.byteconnect.us/request_payout \
  -H "Content-Type: application/json" \
  -d '{
    "access_token": "your_access_token",
    "method": "lightning",
    "amount": "0.01",
    "destination": "lnbc..."
  }'

Request Parameters

Parameter	Required	Description
`access_token`	Yes	Your API access token
`method`	Yes	Payout method: `lightning`, `bitcoin`, `ach`, `usdt`
`amount`	Yes	Amount to withdraw
`destination`	Yes	Wallet address or Lightning invoice

Response

{
  "success": true,
  "payout": {
    "id": "payout_xyz789",
    "method": "lightning",
    "amount": "0.01",
    "status": "processing",
    "created_at": "2024-03-15T14:30:00Z"
  }
}

Payout Status

Status	Description
`pending`	Payout request received
`processing`	Payout is being processed
`completed`	Funds have been sent
`failed`	Payout failed - check error message

Best Practices

Lightning for daily operations - Instant and free for small amounts
Bitcoin for savings - Accumulate and withdraw periodically
USD for expenses - Convert what you need for business costs
USDT for stability - Maintain value without bank conversion