Using Solid's Create an Account API, you can open an account. Next, you can Fund an Account via Intrabank, ACH, Wire, Debit Push or Depositing a Check. Once that account is funded, you can use the Solid Send APIs to make a payment or send funds via a Debit Push.
This original credit transaction (OCT) can be used to send or "push" funds to an eligible card based account, resulting in a credit of funds to the cardholder's account. It is means to be used B2B and B2C disbursements or payouts.
To make a payment or send funds via a Debit Push to another eligible VISA or Mastercard Debit Card:
- On the source account (the account from which the payment is being sent), Create a Contact with the destination debit card's information (the debit card receiving the funds)
- Send an Debit Push with the amount and description to the contact ID containing the destination card details.
- The funds are debited from the source account, and the destination account receives the funds instantly.
Note: Address Verification Service (AVS) is required to prevent credit card fraud via unauthorized debit pulls.
Limits for Debit Pull are set at the program level, depending on the use case.