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Whether you’re a beginner or an experienced Payrix Portal user, these tutorials are designed to help you add new For-Benefit-Of (FBO) or Operating accounts (collectively “bank accounts”) to your platform account to receive the withdrawals of your transaction processing funds and debits for costs that may might be associated with platform usage when the available balance is insufficient. Explore our step-by-step guides with tips and resources tailored to users of the platform.
Note: For clarity, we’ve provided more information about different bank account types:
Account Balance is an on-platform bank account created with your platform account by Payrix as an intermediary between settled transaction amounts and the Operating or FBO accounts for your business.
For-Benefit-Of (FBO ) Accounts are external bank accounts (e.g. Chase, such as Chase or Wells Fargo) you’ll add to your platform account that your business will use to receive withdrawals from the Portalportal.
Operating Accounts are external bank accounts (e.g. Chase, such as Chase or Wells Fargo) you’ll add to your platform account that your business will useto use to pay expenses not covered by the existing platform account balance.
What you’ll learn:
Adding a Bank Account - bank account: How to add a new FBO or Operating account to receive credits or debits.
Updating a Bank Account - bank account: How to update an FBO or Operating account you’ve already added.
Add Adding or Update a Merchat’s Bank Account - updating a Merchant’s bank account: How to add or update an FBO or Operating account for your Merchants.
Dive into the tutorials below and start your journey toward mastering Bank Account Maintenancebank account maintenance:
Bank Account Maintenance Use Cases
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Tip: New to the platform? Enhance your understanding of key concepts and processes by exploring our reference material for Bank Account Maintenancebank account maintenance: |