Introduction

You can use Solid’s payments stack to move money in and out of a Sub Account.

If money is moved out of a Sub Account, it results in a Debit Transaction. If money is moved into a Sub Account, it results in a Credit Transaction.

Any money movement transaction (a credit or a debit) from in and out of the Sub Account creates a Transaction object.

Solid provides you with various payment methods to move money in and out of the Sub Account:

• Intra Account (On-us)
• ACH
• WireCheck
• Check
• Debit Card Push & Pull
• FedNow (coming soon)

Solid provides you with status through the lifecycle of each payment transaction (available in the Transaction object):

• Originated
• Pending
• Clearing
• Cleared
• Settled
• Canceled
• In Review
• Returned
• Reversed
• Received
• Declined
• Refunded

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Originating Transactions

Transactions originated from the Sub Account with an Outgoing message, which includes important instructions such as amount, credit/debit, method, and type. Transactions are originated via Payment APIs.

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Receiving Transactions

Transactions received in the Sub Account with an Incoming message, which includes important instructions such as amount, credit/debit, method, and type. Transactions are received via Payment webhooks.

Every transaction is ledgered in both the Master Account and the Sub Account (that originated or received the transaction).