There are two main API models partners can use to make payments through: pre-funding and batch. While some of the endpoints in the Payments API can be used interchangeably between the models, such as the Find-A-Bank API, the core payment processing endpoints are not cross-compatible.
The prefunding model is used when a customer wants to either pre-purchase funds for disbursement of up to 90 days in the future, or to utilize a quote-first payments flow.
The batch model is for customers that want to submit single or multiple payment details up-front for validation, initiate a quote request on the submitted amounts, and commit all payments at once. This model supports payment processing in all 140+ currencies.
Updated about 1 year ago