Refund Split Payments

Fondy Flow also allows refunds for split payments. This feature reverses or adjusts transactions made within the split account structure, transferring Funds from the Wallet back to the Master Account.

How to Refund a Split Payment

This process uses the Create Split Payment operation through the Fondy API. In the payload of the request, it is essential to use the REVERSAL payment type. See the code block below for an example:

{   "source_wallet_id: The wallet to send the reversal from,
    "target_wallet_id: default_wallet_id we have provided,
    "requested_amount: {
       "amount: amount in pence (e.g. 1000 = £10)
       "currency: GBP must be GBP
    },
    "type: REVERSAL
    "external_id": Unique ID from you,
}

As you can see, the type parameter is set toREVERSAL. You also need to provide the following parameters:

• source_wallet_id: The ID of the wallet from where the reversal is being made.
• target_wallet_id: The ID of the default wallet of the account to send funds back.

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Sending requests to Fondy API

See How to Integrate Fondy API to learn how to encrypt your operations and send them through the Fondy Encrypted endpoint.