Skip to main content

​
Introduction

The Transfers API enables secure movement of funds between accounts using various payment methods. Whether you’re sending payments to vendors, paying out to customers, or managing internal transfers, our flexible API supports both domestic and international transactions.

​
Transfer Types

Outgoing Transfers

Send money to beneficiaries:
  • Vendor payments
  • Customer refunds
  • Payroll disbursements
  • Business expenses

Internal Transfers

Move funds between accounts:
  • Currency conversions
  • Balance management
  • Account consolidation
  • Settlement transfers

​
Supported Payment Methods

Features
  • Direct bank deposits
  • Real-time transfers (where available)
  • Automated account validation
Supported Regions
  • Nigeria (NGN transfers)
  • Canada (Interac)
Processing Times
  • NGN transfers:Almost Immediate
  • Interac (Canada): Almost Immediate
Transaction Limits
  • NGN: ₦100 - ₦99,900,000 per transaction
  • CAD Interac: C5-C25,000 per transaction
Supported Tokens & Networks
  • USDT: Ethereum (ETH), Tron (TRX), BNB Smart Chain (BSC)
  • USDC: Ethereum (ETH), Polygon (MATIC), Avalanche (AVAXC)
Features
  • Multi-chain support
  • Low transaction fees
  • Fast settlement times
  • Cross-border capability
Processing Times
  • TRX Network: 1-3 minutes (6 confirmations)
  • ETH Network: 5-30 minutes (12 confirmations)
  • MATIC Network: 1-5 minutes (15 confirmations)
  • AVAXC Network: 1-5 minutes (15 confirmations)
Transaction Limits
  • Minimum: 10 USDT/USDC
  • Maximum: 100,000 USDT/USDC per transaction
  • Daily Limit: 500,000 USDT/USDC
Network Fees
  • TRX: ~1 USDT
  • ETH: Variable (gas fees)
  • MATIC: ~0.1 USDC
  • AVAXC: ~0.1 USDC
Features
  • Email money transfers
  • Real-time notifications
  • Automated deposits
  • Canadian bank support
Requirements
  • Canadian bank account
  • Valid email/phone
  • Account verification
Processing Times
  • Standard Transfer: 15-30 minutes
  • Auto-deposit: 5-15 minutes
  • After-hours: Next business day
  • Failed transfer reversals: 3-5 business days
Transaction Limits
  • Minimum: C$100
  • Maximum: C$10,000 per transaction
  • Daily Limit: C$20,000
  • 7-day Limit: C$70,000

​
Currency Support & Exchange

NGN

  • Local bank transfers
  • Real-time payments
  • Account validation
  • Daily Limit: ₦100,000,000

CAD

  • Interac e-Transfer
  • EFT payments
  • Wire transfers
  • Daily Limit: C$100,000

​
Key Concepts

​
Beneficiaries

A beneficiary represents a recipient of funds. They can be:
  • Bank account holders
  • Crypto wallet addresses
  • Interac recipients
Each beneficiary type requires specific validation:
  • Crypto addresses: Chain and address format validation
  • Interac: Email registration verification

​
Transfer Flow

1

Create Beneficiary

Add and validate recipient details
  • Verify account/address information
  • Validate against destination requirements
  • Store beneficiary ID for future use
2

Initiate Transfer

Specify amount, currency, and purpose
  • Check against transfer limits
  • Verify sufficient balance
  • Include required reference information
3

Authentication

Complete any required verification
  • 2FA if enabled
  • Transfer PIN validation
  • Additional security checks
4

Processing

Monitor transfer status via webhooks
  • Track transfer progress
  • Handle notifications
  • Process confirmations

​
Transfer Status Lifecycle

Transfers progress through these states:
  1. created - Transfer initiated and validated
  2. processing - Funds being transferred
  3. successful - Confirmed and completed
  4. failed - Transfer unsuccessful
  5. cancelled - Manually or automatically cancelled
Each status change triggers a webhook notification to your registered endpoint.

​
Best Practices

  1. Pre-transfer Validation
    • Verify beneficiary details before transfer
    • Check sufficient balance availability
    • Validate against all applicable limits
    • Consider currency exchange rates
    • Use test mode for integration
  2. Error Handling
    • Implement proper retry logic
    • Monitor transfer status
    • Handle timeout scenarios
    • Log all transfer attempts
    • Process webhook notifications
  3. Security & Compliance
    • Implement proper authentication
    • Validate webhook signatures
    • Monitor for suspicious patterns
    • Follow regulatory requirements
    • Maintain audit trails
  4. Rate Management
    • Cache exchange rates appropriately
    • Handle rate expiration
    • Implement rate refresh logic
    • Show clear rate information