Collect
Used to pull funds from multiple internal accounts into a single internal destination.
This transaction is useful for pooling funds or collecting payments within an organization or ecosystem.
type
P2P
origins
One or more internal accounts (paying accounts).
destinations
One internal account (collector).
Flow
Origin: One or more internal accounts (paying accounts).
Destination: One internal account (collector).
Ownership
The transaction is initiated by the owner of the destination account to collect money from others. All accounts involved must be internally owned, and only the collector has the authority to initiate the request.
Settlement Time
Collect transactions are processed instantly.
Bulk Payments
To perform a bulk payment for collection using COLLECT:
Structure: multiple internal origins and one internal destination.
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