Note: All the payment API's have the endpoint: /payments
Use this API for initiating an outgoing ACH or Same Day ACHtransfer to an external account.
ACH:
Settlement Timeline : Refer ACH lifecycle for details of the same
The below notifications are generated for lifecylce changes associated with an ACH transfer.
SAME DAY ACH:
Cut-off Time: 10:45 AM ET (Due to the 11:00 AM cut-off time)
Transfer funds to the recipient's account on the same business day if initiated before 10:45 AM ET.
If Same Day ACH is selected, ensure the request is submitted before 10:45 AM ET to meet the 11:00 AM cut-off time.
Common Behaviour : A successful response from this API indicates that the transfer was successfully initiated. The transfer amount is debited on the Originator account.
To get the actual status of the transfer, please subscribe to the webhooks detailed below.
Flow of Funds :
- Originator to Recipient (PaymentType : CREDIT)
- Recipient to Originator (PaymentType : DEBIT)
| Function | Webhook |
|---|---|
| Transfer Initiation | Transfer Initiation |
| Transfer Submitted | Transfer Submitted |
| Transfer Return | Transfer Returned |