Collection Methods by Currency

How do we collect CAD (Canadian Dollars)?

For CAD, we use Interac, which is a push mechanism:

• No collection API integration is needed
• We provide you with an Interac email address
• You share this email with your customers
• When they send money via Interac to this email, we'll notify you via webhook
• The webhook contains the sender's email and name for your reference

How do we collect NGN (Nigerian Naira)?

For NGN, you have two options:

Bank Transfer (push mechanism):

• Create virtual bank accounts for your customers via our API
• Share the virtual account details with your customers
• When money is sent to those accounts, we notify you via webhook
• The funds automatically update your NGN wallet balance

Card Payment (pull mechanism):

• Call our collection API to initiate the transaction
• We'll provide a payment link for your customer
• Customer completes the card payment via the link
• We'll notify you when the payment is complete

How do we collect USD?

USD collection works similarly to NGN card collection.
It's a pull mechanism where you initiate the transaction via our collection API, and we provide a payment link for completion.

How does EUR/GBP collection via Open Banking work?

Open Banking is a pull mechanism:

• You initiate the transaction via our collection API
• We provide a URL for the customer to complete authentication with their bank
• The customer completes the transaction
• We notify you when the payment is successful

How do you identify users when collecting CAD via Interac?

Interac funding works via a push mechanism, meaning transactions are initiated from the sender’s bank.
We do not control or initiate the transaction from our end, so there's no pre-creation of transactions or reference passing on Interac itself.

That said, there are two effective ways to identify which incoming Interac payment belongs to which user or transaction:

1. Interac Email Mapping (Recommended)

Introduce a feature that lets users register Interac email addresses within your platform (either one or multiple).
When a webhook is sent for an incoming Interac payment, it includes a collection_email. You can then match this email against your internal records (e.g. a user_interac_emails table) to determine the rightful owner of the funds.

2. Enforce Email Matching

Require your users to sign up using the same email address they use to send funds via Interac.
When we send you a webhook, you'll receive a collection_email, and you can match it directly to the user account in your system.

The collection_email is the email address of the sender.