Reconciliation overview
We make understanding your flow of funds easier through our Reconciliation API, which allows you to see a breakdown of all transactions that made up your total settlement amount. Learn more about how Vyne handles settlement, including account types and transfers here.
Reconciliation API provides two levels of detail.
| Level | Description |
|---|---|
| Sweeps (transfers) | A summary of the key components of the sweep, useful for providing an aggregate view of money movements and understanding reserve amounts. |
| Transactions | Individual transactions that make up part of the sweep, useful for reconciling payments, refunds, and other transactions with money movements. |
The API provides details on the following transaction types.
| Transaction type | Description | Balance |
|---|---|---|
| Single payments | All single payments that were created through a PIR. | Credits |
| Refunds | All refunds that were created through a RR. | Debits |
| Payouts | All payouts that were created through a PR. | Debits |
| Fees | Fees charged on payments and payouts. Learn more about billing here. | Debits |
| Transferred amount (sweeps) | Net funds from your settlement account transferred to your destination account to reset your settlement account balance. Learn more about sweeps (transfers) here. | Debits |
| Top-ups | All transfers to your settlement account from any of your pre-approved destination bank accounts. Learn more about top-ups here. | Credits |
| Miscellaneous payments | All direct transfers to your settlement account that don't originate from one of your pre-approved destination accounts. Learn more about direct transfers here. | Credits |
| Miscellaneous returns | Each miscellaneous transfer credited is typically debited with a miscellaneous return and returned to the sender immediately. Learn more about direct transfers here. | Debits |
Updated over 1 year ago