Payments / TypesCollect
Collect
Used to pull funds from multiple internal accounts into a single internal destination.
Payment model COLLECT
Pull funds from multiple internal accounts into one destination account.
Conomy validates each source balance, captures the requested amounts, and posts the combined movement into the destination account.
- Origin
- One or more internal ACCOUNT nodes with explicit per-node amounts.
- Destination
- A single internal ACCOUNT that receives the aggregated value.
- Best for
- Pooling funds, treasury consolidation, shared payments, and operational sweeps across internal balances.
Origin: One or more internal accounts (paying accounts).Destination: One internal account (collector).
Ownership
Section titled “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
Section titled “Settlement Time”Collect transactions are processed instantly.
Bulk Payments
Section titled “Bulk Payments”To perform a bulk payment for collection using COLLECT:
Structure: multiple internal origins and one internal destination.