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Pre-requisite

Set up your sandbox enterprise account

Overview

This use case enables a customer to transfer money onto your platform. Your customer's external account is the funding source and your platform is the funding destination.

Key Steps

1. Authenticate to Momentum

Use the /authenticate and /refresh endpoints.

2. Create a customer and an associated external account, which will be the funding source

Use the POST /persons or POST /businesses endpoint to create the customer and the POST /external/accounts endpoint to create the external account.

• The external account can be created while verification is occurring
• If you are using your own account verification provider (BYO-AVS), the external account will be automatically verified

3. Ensure you have created your enterprise's external account, which will be the funding destination

Follow the guide here.

• Pass your enterprise's id, provided to you by Orum, in the customer_reference_id to associate the external account with your enterprise
• Set the customer_resource_type to "enterprise"
• The external account will be automatically verified

4. Transfer funds from the source to the destination

Use the POST /transfers endpoint to create the transfer.

• All Persons or Businesses and External Accounts must be in a verified state before the transfer can be created