Skip to Content

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 Funds: Funds into the Marketplace from linked accounts

Internal Transfers: Transactions within the Marketplace

Outbound Funds: Transactions from the Marketplace to External Recipients

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 linked accounts, and are typically used to fund wallets.

Initiated by: External users (not onboarded to the Marketplace)

Transfer methods: ACH, RTP, FedNow, domestic/international wire

Destination: Checkbook Wallets or prefund accounts

How it works: Customers provide external users with account and routing numbers affiliated with their Checkbook wallet. External users initiate the transfer from their bank or payment service of choice.

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.

Types of interactions:

  • Marketplace User ↔ Marketplace User

  • Marketplace Owner ↔ Marketplace User

  • Account ↔ Account (within a single user)

Supported sender account types: Checkbook Wallets, prefund accounts, and user bank accounts (personal or business)

Supported recipient account types: Checkbook Wallets and prefund accounts, user bank accounts (personal or business), debit card or Virtual Card accounts, PayPal, and Venmo.

Common use cases:

  • Facilitating payments between Marketplace Users

  • Automating onboarding to the Marketplace ecosystem

  • Marketplace Owners managing or disbursing funds on behalf of users

Outbound Funds

These transactions move funds from the Marketplace to External Users using Checkbook’s email recipient experience.

Originated by: Marketplace Owner or Marketplace User

Recipient details required: Email address, US or Canadian phone number, or mailing address

Delivery methods:

  • Digital delivery via email or SMS

  • Paper check mailed to a physical address

How it works: A payment is created by the customer and sent to an External User. If digital, the External User is directed to a secure landing page where they can choose a preferred deposit method (e.g., ACH, PayPal, Venmo, Push to Card).

Last updated on