Transactions

Transactions represent recorded financial activities that affect a business account. They provide visibility into fund movements, enabling monitoring, analysis, and financial control within the Closed Loop system.

Transaction Types

1. Fund: Inflows of funds to the account
2. Payout: Distribution of funds to merchants or users
3. Transfer: Movement of funds between accounts or wallets
4. Refund: Reimbursements for completed transactions
5. Reversal: Reversing a previously completed transaction
6. Withdraw: Taking funds out of the account

Transaction Details

Provides a comprehensive, paginated overview of successful transactions for a specified business account. This feature focuses on a single account, allowing users to access its complete transaction history.

Definition

1. Documents successful financial operations affecting a business account
2. Transactions are records, not triggers for movement
3. Ensures accuracy, transparency, and financial oversight

Purpose

1. Analyze financial trends
2. Support informed decision-making
3. Maintain comprehensive monitoring of account activity

Key Features

Transactions can be filtered based on:

1. Transaction Type: Filter by one or multiple types (comma-separated list)
2. Date Range: If not specified, the system returns today's transactions
3. Limit: Control the number of results returned (1–30), default is 10