Allowed Activities

Use Cases

Our Payments API supports several use cases:

• Payment for purchase of goods and services: The business has purchased a good or service (e.g. equipment) from the beneficiary.
• Inter-company transfers: The sender and recipient are legally-associated entities (e.g. holding company sending funds to a subsidiary).
• Invoice collections from third party: The business is collecting payment from the sender, who is a buyer of goods and services from the business.

All transactions must be sufficiently supported by documentation that can be requested by the Reap team at any time.

Other Key Details

• No 1st party payments: The sender and the recipient cannot be the same legal entity
• Only account owner or specified payer can send funds to the account: The entity that sends Reap funds must either be the already-KYBed-and-approved entity that owns the account, or a specified payer that has been approved to make payments to the account.
• Only business clients: All senders of payments, across all payment programs, must be legally established businesses.