Making Payments
Checkbook’s Marketplace supports flexible fund flows that can be combined to support a wide range of financial experiences. There are three core types of fund movement:
Inbound Payments: Funds into the Marketplace from unlinked accounts
Internal Transfers: Transactions within the Marketplace
Outbound Payments: Transactions from the Marketplace to external parties
Each flow supports different parts of a customer’s user journey—from initial funding to transacting at scale. Designed to be flexible and API-driven, the Marketplace allows you to build the exact payment experience your enterprise needs.
Inbound Funds
These transactions bring funds into the Marketplace from unlinked accounts, and are typically used to fund wallets.
Supported sender account types: Unlinked accounts
Supported recipient account types: Wallets
Initiated by: External parties (not onboarded to the Marketplace)
How it works: Customers provide external parties with account and routing numbers affiliated with their Checkbook wallet. External parties initiate the transfer from their bank or payment service of choice.
Supported Inbound Payment | Description |
---|---|
ACH | Bank-to-bank transfer via ACH network. |
RTP | Real-time transfers, 24/7/365. |
FedNow | Instant payments via the Federal Reserve, 24/7. |
Wire | Same-day bank transfer with higher fees. |
Internal Transfers
These are internal Marketplace transactions between onboarded users and entities, such as the Marketplace Owner and Marketplace Users. They allow for flexible fund movement within your ecosystem.
Supported sender account types: Checkbook wallets and linked accounts (personal or business)
Supported recipient account types: Checkbook wallets and linked accounts
Initiated by: Marketplace Owner or Marketplace Users
Types of interactions:
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Marketplace User ↔ Marketplace User
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Marketplace Owner ↔ Marketplace User
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Account ↔ Account (within a single user)
Common use cases:
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Facilitating payments between Marketplace Users
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Automating onboarding to the Marketplace ecosystem
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Marketplace Owners managing or disbursing funds on behalf of users
Outbound Funds
These transactions move funds from the Marketplace to external parties using Checkbook’s email recipient experience.
Supported sender account types: Wallets and linked accounts
Supported recipient account types: Linked accounts
Initiated by: Marketplace Owner or Marketplace User
Recipient details required: Email address, phone number, or mailing address
Delivery methods:
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Digital delivery via email or SMS
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Paper check mailed to a physical address
How it works: A payment is created by the user and sent to an external party. If digital, the external party is directed to a secure landing page where they can choose a preferred deposit method (e.g., ACH, PayPal, Venmo, Push to Card).