Fund Accounts

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 Account Types

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

Fund Account Actions

The following table lists down the actions that can be performed on Fund accounts using APIs, Dashboard and Bulk Upload:

You can create Fund accounts using APIs either with

Dashboard Actions

After logging in to your RazorpayX account, you can start creating a contact and its associated fund account. Refer below for steps on how to create a contact with a fund account, and how to update it.

Create a Contact with Fund Account

To create a Contact with Fund Account from the Dashboard:

1. Log in to the

   RazorpayX Dashboard

   .
2. Navigate to Contacts.
3. Click + CONTACT.
4. Fill Contact details and click NEXT.
5. Add Fund Account details.
6. Click SAVE AND CLOSE.

Update a Contact and Fund Account

To update a Contact or Fund Account from the Dashboard:

1. Log in to the

   RazorpayX Dashboard

   .
2. Navigate to Contacts.
3. Select the Contact you want to edit.
4. Navigate to Options → Edit Contact.
5. Edit Contact details and click NEXT.
6. Edit the Fund Account details.
7. Click SAVE AND CLOSE.

You can also

Next Steps

• Fund Account Validation

Related Information

• Payouts

• Contacts

• Fund Account APIs