#autiii-issuing-topup

1 messages · Page 1 of 1 (latest)

plucky depotBOT
spice folio
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Hello
If the validation/verification has been performed on the external account then the account status should be verified

Can you share any examples where the status isn't changing even after verification?

marble dagger
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Perhaps I have this wrong, is there a way to perform a mircro deposit verification on a connected accounts payout bank account (external account)?

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Afaik by reading the docs, there is not

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All i see is Note that there often isn’t enough information to know (e.g., for smaller credit unions), and the validation is not always run, but no api to run a microdeposit check against a non-customer bank

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const bankAccount = stripe.customers.verifySource(
  'cus_AFGbOSiITuJVDs',
  'ba_17SHwa2eZvKYlo2CUx7nphbZ',
  {
    amounts: [32, 45],
  }
);
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from stripe's example docs, verifying a bank requires a customer object, which a connected account does not have

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just some more docs in case it helps

spice folio
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Looking..

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I am not seeing a way to do microdeposit verification for external accounts unfortunately

marble dagger
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ok so these smaller credit unions just can't top up? seems like an oversight?

spice folio
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Double checking to make sure..

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You're using custom connected accounts right?

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I checked if Financial Connections allowed microdeposit verification as fallback but it also only offers that for customer payment methods (ACH Debits)

So yeah, looks like this isn't something that's supported today.

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Also taking a step back

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You don't really topup custom accounts. You can topup platform account and then transfer to the connected account

marble dagger
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Ok so for example if I wanted to add issuing balance to my connected accounts, how would I do that?

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I can't debit their banks since they aren't verified, my only option would be to withdraw it from their next payout, which involves a credit risk for whatever amount they take out

spice folio
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What type of connected accounts are you working with?

marble dagger
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custom yeah

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but even with custom each connected account has their own issuing_balance

spice folio
marble dagger
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That should work thank you

spice folio
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👍

marble dagger
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can i debit a non verified bank?

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Avoid setbacks by verifying the bank for the connected account before using Account Debits.

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which links back to plaid verification...

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i think i run into the same issue here since you cant debit an unverified bank

spice folio
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I think you should be able to as that's what a lot of merchants rely on

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for pulling funds from connected accounts

dry oasis
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I don't think account debits would work for a flow like this

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@marble dagger I'd recommend contacting our support team to chat about your exact business model here. This seems really strange to me that each individual connected account would topup their own balance this way and I'm sure our support team can help you figure out the best path forward