Direct Credit

direct credit payments allow you to transfer funds from your monoova account to an external australian bank account or docid\ q4coqy4kuhldxc6eqneom efficiently and securely payments are processed in the next a direct entry window typically these payments take 1 2 business days when processed through a bank, however monoova can settle to the payees account intraday if the payment is processed before 8pm making a direct credit payment when creating a direct credit transaction, include the following details paymentsource the maccount or ledger account from which funds will be debited disbursements the external bank account number or bank account token that you are paying amount the payment amount lodgementreference the transaction reference that will appear on the payees bank statement once submitted, retain the transaction id included in the response as this is used for reconciliation and billing you can poll the payment status to confirm when it has been successfully processed using the get status endpoints docid 0pyho8w4ekbnwpffva k1 docid\ g9n8h7bzlbwt06afceeg8 sample direct credit payment { "uniquereference" "d29281ab 1e85 4a3d b5dc f519631d4f01", "totalamount" 100, "description" "fred smith", "disbursements" \[ { "disbursementmethod" "directcredit", "todirectcreditdetails" { "bsbnumber" "032 000", "accountnumber" "2681849", "accountname" "monoova" }, "sourcebsb" "802 985", "sourceaccountnumber" "654378888", "lodgementreference" "monoova 123", "amount" 100, "description" "fred smith" } ] }{ "durationms" 22, "status" "ok", "statusdescription" "operation completed successfully", "transactionid" 1022, "feeamountexcludinggst" 0 12, "feeamountgstcomponent" 0 012, "feeamountincludinggst" 0 132, "calleruniquereference" "directcredit123", "feebreakdown" { "transactionfee" { "feeamountexcludinggst" 0 12, "feeamountgstcomponent" 0 012, "feeamountincludinggst" 0 132 } } } batch payments for direct credits monoova supports batch processing, allowing multiple direct credit payments to be made in a single request multiple disbursements can be included as an list in the api request, with each disbursement containing the necessary payment details and payment amount batch processing helps streamline bulk payments, reducing manual effort and processing time