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.
Behaviour : A successful response from this API indicates that the transfer was successfully initiated. The transfer amount is debited from the Originator account.
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 |