Receiving a Real-Time Payment

A Real-Time Payment sent to your Account creates an Inbound Real-Time Payments Transfer. As long as the Account is open, and the Account Number is active and can receive deposits, Increase will immediately create a Transaction crediting your Account.

Details about creating a Real-Time Payments Transfer are described here.

Lifecycle

pending_confirming	The transfer is pending confirmation.
confirmed	The transfer has been received successfully and is confirmed.
declined	The transfer has been declined.
timed_out	The transfer was not responded to in time. This is rare and represents an error at Increase.

Receiving a Real-Time Payment with Increase

When a Real-Time Payment arrives, Increase creates an Inbound Real-Time Payments Transfer with a status of pending_confirming. Increase confirms receipt with The Clearing House, the status updates to confirmed, and a Transaction crediting your Account is immediately created. This usually happens within a matter of seconds.

If the transfer can’t be accepted, Increase declines it. The Inbound Real-Time Payments Transfer is created with a status of declined, a Declined Transaction is recorded, a rejection is returned to The Clearing House, and no Transaction is created on your Account. This can happen, for example, because the Account is closed or the Account Number is not active.

In very rare cases a transfer is not responded to in time and its status is set to timed_out. This represents an error at Increase. We'd reach out to you if this happens, too.

Actioning inbound Real-Time Payments

Increase provides the ability to programmatically approve or decline inbound Real-Time Payments. When an Inbound Real-Time Payments Transfer is created or updated, your application can receive a webhook Event. You can action on these Events to approve or decline the transfer as needed.

This feature is currently gated. Please contact support@increase.com if you’re interested in enabling it for your team!