Sends overview
A sendSend A transaction type that allows sending funds to another identity's instrument or to a beneficiary. Send transactions may require Strong Customer Authentication depending on the destination and whether it's a trusted beneficiary. is a transaction that moves funds between two instrumentsInstrument A financial product owned by an Identity. There are two types: Managed Accounts (stored-value accounts that hold balances and can receive wire transfers) and Managed Cards (prepaid cards — virtual or physical — used for purchases). managed by Weavr. Both managed accounts and managed cards belonging to different corporate or consumer identities can be used as instrumentsInstrument A financial product owned by an Identity. There are two types: Managed Accounts (stored-value accounts that hold balances and can receive wire transfers) and Managed Cards (prepaid cards — virtual or physical — used for purchases). in the send transaction.
Before your customers can submit a send transaction, they must:
- Create a managed account or create a managed card
- Enrol their device for Strong Customer Authentication
Create a Send Transaction
The following steps are required to send a send transaction: