We are introducing the unification of payin (incoming) and payout (outgoing) balances into a single, consolidated balance. This update aims to simplify financial management by providing a complete, integrated view of all transactions.
What’s Changing?
Currently, payin and payout operations are displayed in separate statements for each transaction type, without a consolidated view of the total balance. With the unified balance, all transactions will be shown in a single statement where:
- Payouts will appear as debits, and payins as credits.
- The statement will also detail fees and other transaction types, much like a traditional bank statement.
Key Benefits
- Consolidated View: Track your total balance and all transactions in one place, with improved clarity and efficiency.
- Simplified Experience: The new bank-statement format enhances usability and makes transaction management straightforward.
- Automation and Integration: If you have existing automations relying on current statements, we recommend adapting them to the new format, which is more functional and optimized.
API Integration Support
In addition to viewing the balance and statement on the dashboard, we’ve added two new endpoints in V2 of our documentation to support easier API integration. These endpoints are designed to simplify system connections, ensuring the new unified balance structure is accessible and easily integrated. You can access the updated here:
How Does This Change Affect Reconciliation?
With the consolidated balance, both incoming and outgoing transactions will be combined into a single balance, offering a more practical view of available funds. Both deposits and withdrawals will be accounted for in the same balance, eliminating the need to track separate balances for each transaction type.
Frequently Asked Questions
1. Does this unification impact the applicable fees?
No, fees remain the same. This change only affects balance display, unifying payin and payout values.
2. Will I still have access to transaction history?
Yes, the last three months of transaction history will remain available in the new format, facilitating transaction tracking and reconciliation.
3. How can I get further information?
If you have any questions or need support, our team is here to assist and clarify any concerns.