Payment types

conomy_hq supports multiple types of transactions to manage the movement of funds across internal and external accounts. Each payment type defines a specific financial behavior within the platform, including who initiates the transaction, what types of accounts are involved, and how the funds flow.

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Only the owner of an account can initiate or authorize payments from that account.

Available Types

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Selection Guide

Use case
Recommended type

Add funds to an internal balance

TOPUP_ACCOUNT

Send funds to external rails/banks

WITHDRAWAL_ACCOUNT

Charge customers for goods/services

PURCHASE

Cross-border transfer to another country

REMITTANCE

Internal transfer account-to-account

P2P

Pull funds from multiple internal accounts

COLLECT

Auto-generated business fees

FEE

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