API · source category: Ecommerce

Velo Payments APIs

Terms and Definitions Throughout this document and the Velo platform the following terms are used: Payor. An entity (typically a corpora…

Terms and Definitions Throughout this document and the Velo platform the following terms are used: Payor. An entity (typically a corporation) which wishes to pay funds to one or more payees via a payout. Payee. The recipient of funds paid out by a payor. Payment. A single transfer of funds from a payor to a payee. Payout. A batch of Payments, typically used by a payor to logically group payments (e.g. by business day). Technically there need be no relationship between the payments in a payout - a single payout can contain payments to multiple payees and/or multiple payments to a single payee. Sandbox. An integration environment provided by Velo Payments which offers a similar API experience to the production environment, but all funding and payment events are simulated, along with many…

Open documentation ↗