Transfer Funds to Linked Accounts

You can transfer funds to your Linked Accounts using the following methods:

Orders

Transfer funds to Linked Accounts at the time of order creation.

Payments

Transfer funds to Linked Accounts from the payment received from a customer.

Direct Transfer

Transfer funds to Linked Accounts directly from your account balance using Direct Transfers.

Prerequisites

Create Linked Accounts. Linked Accounts have a cooling period of 24 hours after which you can initiate transfers.
Provide
Dashboard
access to the Linked Account to ensure transparency between the two parties, such as:
- Linked Account holders can also download reports for further processing and reconciliation.
- Linked Account holders can view all transactions reflected on one single dashboard.
Ensure the Direct Transfer feature is enabled for your account. Contact our
support team
for more information.

Transfer Funds to Linked Account via Orders

The transfers can be set up at the time of order creation. After the payment is captured and the order is paid, the transfer is automatically created and settled to the respective Linked Accounts.

This eliminates the extra step of triggering the

Direct Transfers

Transfers via Payments API

Watch Out!

The Transfers set up during order creation can only be done using APIs.

To initiate transfers while creating orders:

Create an Order using the
Transfer via Orders API
.
Capture the Payment
.
Set up the
webhook event transfer.processed
.

Watch Out!

You cannot create transfer on an order which has partial_payment parameter enabled. Ensure that this parameter is set to false.
You cannot create transfers on an order for international currencies. This feature is available for currency only.
If a Transfer via Order initiated by you fails, we will retry this transfer starting from the next day on consecutive days. There will be a maximum of 3 retries.

Transfers Funds to Linked Accounts via Payments

You can initiate a transfer from a payment received from a customer. This can be done from the Dashboard or using the

Create Transfers from Payments API

Transfers Funds to Linked Accounts via Payments Using Dashboard

Checklist for Dashboard Operation

The currency of the payment should be .
The payment through which you want to make a transfer should be in the captured state.
The amount should not exceed the initial payment amount.
The amount you want to transfer to a Linked Account is less than the initial amount.

To initiate a transfer via payment from the Dashboard:

Log in to the Dashboard and click Route under PAYMENT PRODUCTS.
Under the Payments tab, click the relevant Payment ID.
On the Payment details pane,
1. Select the Linked Account to which you want to transfer payment.
2. Enter the billing amount. It can be a full or partial transfer.
3. Select either of the following Settlement Schedule option:
  1. Settle Now: Use this to settle the payment in the next settlement slot. If your schedule is T+3, the transfer will happen accordingly.
  2. Schedule Settlement On: Select this to schedule the transfer to a later date using the calendar.
  3. Put on Hold: Use this to defer the transfer until specified otherwise.
Add internal notes relevant to the transfer if any. You can choose to share the note with your Linked Account.
Click Create Transfer.