Webhooks serve as real-time notifications for API events. The Reap Payments API platform delivers these notifications to an endpoint within your hosted environment, configured to adeptly receive and handle them.
By integrating webhooks, you gain immediate access to updates as events occur within the API. Each event represents an external change that impacts your system, such as updates in payment status.
For instance, when a payment with the status of 'Awaiting Funds' has been funded by a client, a webhook is triggered. This webhook includes detailed information about the updated payment, such as the fact that the payment now has the status "Under Review", allowing you to reflect the updated information in your systems.