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.

Note

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

Available Types

Pay-in TOPUP_ACCOUNT Move money from an external rail into an internal account. → Pay-out WITHDRAWAL_ACCOUNT Send funds from an internal account to an external destination. → Commerce PURCHASE Charge a customer for goods or services through a payment flow. → Cross-border REMITTANCE Transfer value across countries, currencies, or external accounts. → Internal P2P Move funds between internal accounts owned by different users. → Aggregation COLLECT Gather funds from multiple internal accounts into one destination. → Operations FEE Represent platform or business fees generated by a payment. →

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