About Volt Connect
Track open banking payments from initiation to receipt with complete visibility of the payment value chain. Connect, our real-time orchestration engine, collects and reconciles funds, handles exceptions, and processes payouts and refunds.
Confirmation of receipt
Using our network of banking partners, we’ll issue you a dedicated Connect account and route all incoming payments there. You don’t need to monitor that account for incoming payments, we’ll take care of it for you. We know what payments you’re expecting and we’ll use our notification platform to let you know the moment those funds arrive. We’ll also let you know if expected payments don’t arrive.
When a payment is received into your Connect account, we’ll automatically reconcile the payment received against the payment instructed and send an instant payment received notification to you. This enables you to ship goods or release services, safe in the knowledge that the payment is already in your account.
You can transfer funds to your nominated bank account at any time from Fuzebox. When you instruct us, we’ll total all the payments you’ve received into your Connect account and send a single settlement amount (per currency) to your nominated bank account.
We’re currently working on automating this process so you can specify the frequency and thresholds for when these batch settlements happen.
If you’re handling refunds, we’ll pay these out from your Connect account. We’ll then deduct the total refunded amount from any batched settlement total we send you.
It’s simple to setup
Once you’ve integrated Volt Gateway, integration of Connect consists of one additional configuration in Fuzebox.
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- About Volt Connect