Deep Dives10 min read
Open Banking Contractor Payouts: Consent, Funding and Settlement
Open banking contractor payouts can be useful when an authorized business payer initiates payments from its own bank account, or when a provider offers a separate funded payout product. Those are different money paths. Neither the API label nor a bank-data connection establishes that a contractor will receive funds instantly or at lower total cost.
open banking contractorbanking contractor payoutscontractor payouts faster settlement+2 more
Read →