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.

Field
Value

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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