You can deposit funds to your funding account based on the needs of your business. The possible funding methods are:
- Payment acceptance funding
- Direct funding
- 3rd party funding
Payment acceptance funding are funds related to successfully executed, cleared and settled payment acceptance transactions, which are made available on the merchant's funding balance. In the Payments solution these fund are automatically paid out the merchant's nominated bank account (see Payments Merchant Funding section for more details). Whereas in the Path solution the funds are made available on the merchant's funding balance and are only paid out when you trigger the payout instruction.
The payment channels and payment methods available in the context of payments acceptance funding, are described in the Payments sections i.e. please visit Payment Channels and Payment Methods.
Direct funding are funds you deposit directly from your bank account to your Nomupay funding account, and 3rd party funding are funds deposited to your Nomupay funding account from the bank account of one or more 3rd parties chosen by you, and reviewed and approved by Nomupay (see Payouts Funding section for more details).
The principles applied for the funding balance and the funding accounts are the same as applicable for the Payouts solution. For more details please visit the Payouts Funding section.