Funding Events

Overview

A funding event is a collection that can include 1 or more payments used to fund transaction settlement over a specified period. Previously, settlement emails served as the main source of funding activity information; now, you can access this information programmatically through our API and webhook integrations, as well as trace your funding activity back to our settlement reporting.

For complete information regarding the API endpoints associated to funding events please refer to our Funding Events API docs here.

Core Concepts

Every funding event includes two key components:

1. Collections
2. Network Settlement Summary

Collections

1. Collection Tokens: One or more tokens referencing the collections made for the funding event.
2. Resource Lookup: Each funding event includes a collection_type field indicating which API to query for more detailed information regarding the collection.
   1. Example: When thecollection_type is PAYMENT details can be retrieved via the Payments API.
3. Split Entries: For Same Day ACH transactions over $1,000,000, funding is split into multiple ACH entries—resulting in multiple collection tokens.

Network Settlement

The network_settlement_summary array breaks down the settled gross amount by network settlement date.

Funding Event Details

Additionally, you can request a report of the information provided in the funding event for download. This consists of two separate files via a pre-signed url to retrieve the CSV file:

1. Settlement Summary: This is a breakdown by network settlement date the debits, credits, and settled gross amount.
2. Settlement Details: This is a report consisting of a subset of the information provided in our transactions API containing all the transactions that were included in this funding event.