Create a Payment
Creates a new Payment object.
Payments are transmitted electronically by pulling funds from a source Account, and sending those funds to a destination Account. Payments are posted to the destination Account (settled) in 1-2 business days but may vary per FI (Financial Institution).
Body
The amount of the payment to be created in cents. (e.g. $1.00 = 100)
The ID of an Account from which the Payment funds will be retrieved.
Ensure that the following checks have been done on an Account before it is used as a Payment source:
- Both the status of the Account and its holder (Entity) is
active - Both the Account and its holder have the
paymentsvalue in theirproductsproperty.
The ID of an Account where the Payment funds will be sent to. In the Method ecosystem, these can be either ach or liability typed accounts.
Ensure that the following checks have been done on an Account before it is used as a Payment destination:
- Both the status of the Account and its holder (Entity) is
active - Both the Account and its holder have the
paymentsvalue in theirproductsproperty.
The Payment's description (maximum of 10 characters).
Payment fee information. If provided, the payment will incur a fee which will be deducted from the total amount received by the destination Account.
Returns
Returns a Payment object. The Payment will be sent based on the cutoff
times. The status of the Payment will be updated when the Payment is
sent to our banking networks.