How to run your first payout with Kiip: a step-by-step walkthrough

You have a list of people to pay: contractors, creators, affiliates, or competition winners, often spread across many countries. You have heard that Kiip can pay all of them in one round, and you want to know what that actually involves before you commit.

This guide walks through the whole flow, from creating an account to the records you hand to your accountant. It is self-serve end to end: no sales call, no setup fee, no integration required.

What you need before you start

• Your company details, for creating the account
• A way to reach your recipients (email or the channel you already use)
• The amount you want to pay each person

That is the whole list. You do not need to collect anyone's bank details, wallet addresses, or tax forms. Recipients enter those themselves in the next step, which is where most of the usual payout pain disappears.

Step 1: Create your account

Create your business account at dashboard.kiip.app. It takes a few minutes. There are no setup fees and no monthly fees, so an account costs nothing to open and nothing to keep (current fees are on the pricing page).

Step 2: Invite your recipients

Each recipient gets an onboarding link. Through it, they choose how they want to withdraw their money: bank account, PayPal where available, or crypto, depending on their country. Kiip also collects the tax details that apply to them during onboarding, such as W-9, W-8BEN, or DAC7 information. If you want to understand which forms matter when, see W-9 or W-8BEN?

This step replaces the spreadsheet of IBANs, the Discord messages asking for account numbers, and the chasing of missing tax forms.

Step 3: Fund your account

Your Kiip account holds your own money, in an account only you control. Kiip never holds your funds and cannot move them; every payout is authorized by you. Fund the account with the amount you plan to pay out, in dollars (USDC) or euros (EURe). The dashboard shows the funding options available to you.

Step 4: Enter amounts and approve

Enter the amount for each recipient, review the total and the fees, and approve. Recipients are credited seconds after approval, whether you are paying two people or two hundred. Each recipient withdraws through the method they chose during onboarding, so country-specific edge cases are not your problem to solve.

Step 5: Export the records

Every payout has an audit trail: who was paid, when, how much, and the documentation attached to it. Export the transaction records and hand them to your accountant. For what those records need to show, see what counts as a voucher for a payout, and for how the account fits into your books, see how to reconcile a stablecoin account and the accountant's guide to Kiip payouts.

What it costs

One per-payout fee. No setup fees, no monthly fees, no minimum volume. The current numbers are on the pricing page, so a small first round costs almost nothing to try.

Where to get help

The dashboard covers the full flow above. If you are building payouts into your own product instead, the API route is documented at docs.kiip.app. And if something is unclear, you can always contact the team, but nothing in this flow requires it.

Ready to run yours? Create your account at dashboard.kiip.app and send your first payout the same day.

This article is general information, not accounting, tax, or legal advice. The decisions for your situation are made by you and your accountant or advisor.