A Fund account is an entity to which payouts are made. To make a payout to a Contact, you must add a Fund account to the Contact. There is no limitation to the number of Fund accounts a Contact can have.
Fund accounts are associated with a Contact. Payouts are made to the Fund accounts. There are three types of fund accounts:
- Bank account: Make payouts to a beneficiary's bank account via bank transfer using one of the available such as NEFT or IMPS.
- Credit Card: Make payouts directly to a beneficiary's credit card by bank transfer using NEFT or IMPS.
- Debit Card or Prepaid Card: Make payouts directly to a beneficiary's debit card or prepaid card using the 'card' mode.
- UPI ID (VPA): Make payouts to a beneficiary's UPI ID via a UPI transfer.
- Wallet: Make payouts to your beneficiary's wallet. You can make payouts to a beneficiary via an Amazon Pay gift card.
Know about the
and the .The following table lists down the actions that can be performed on Fund accounts using APIs, Dashboard and Bulk Upload:
Action | API | Dashboard | Bulk Upload |
---|---|---|---|
Create a fund account | ✓ | ✓ | ✓ |
View fund account details | ✓ | ✓ | ✓ |
Mark as inactive | ✓ | ✓ | x |
You can create Fund accounts using APIs either with
details or , or .