Term

Description

Account Payments/Payouts

Transfers between StraitsX accounts

bank_id

Refers to the bank abbreviation id (e.g. DBS = 1, OCBC = 2)

Bank Transfer Payments/Payouts

Transfers between StraitsX business accounts and bank accounts

Business Bank Account

Bank account belonging to a business user

Connect Bank Account

A bank account that is associated with a Connect user.

Connect User

A user that has been registered on our platform via the Connect Flow which requests for the user’s handphone number to create a user and receive a user_api_token in return.

Customer Profile (CP)

A user that has been registered on our platform via the Customer Profile Flow which requests for the user’s personal details (e.g. national id, country of residence) to create a user and receive a customer_profile_id in return.

Customer Profile Bank Account

A bank account that is associated with a customer profile.

Disbursement

Disbursement is commonly known as withdrawal or payout. All three terms refer to the same process of sending funds.

Inbound transfers

Refers to incoming deposits to your StraitsX Business Account

Outbound transfers

Refers to withdrawals out of your StraitsX Business Account

Payments

Payment is commonly known as deposit. Both terms refer to the same process of receiving funds in.

Payouts

Payout is commonly known as withdrawal. Both terms refer to the same process of sending funds out.

Personal Bank Account

Bank account belonging to an individual user.

SG CP / ID CP

Singapore Customer Profile / Indonesia Customer Profile

VA NO

Virtual Account Number


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