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In Payouts Approval API, the payout can be reviewed by multiple approvers from your team on the same level of approval. However, the payout is not processed until the owner approves it.
Payouts Approval API is not available by default. Contact support to get this feature activated on your account. To use the Approvals APIs, it is mandatory to be a Technology Partner and integrate with OAuth. Only then you can make payouts.

Fork the Razorpay Postman Public Workspace and try the Payouts Approval APIs using your Test API Keys.

Run in Postman

Approve Payouts

POST /v1/payouts/:id/approveApproves the Payout.

Reject Payouts

POST /v1/payouts/:id/rejectRejects the Payout.