Create a payment method
Payment Methods Overview
ACH - Connect Bank
Integrate with Plaid for Bank Transfers
Account Number
Please note that the
accountNumberparameter should be your bank account number, i.e. checking or savings account number. This should not be your Wyre account id.
Please refer to the Request Body below to see the various fields required for connecting different international payment methods.
When you create a Payment Method using this API it will return with a status of AWAITING_FOLLOWUP. If you have set chargeablePM to false then the status will remain AWAITING_FOLLOWUP, however, you will be able to make payouts (push) to the payment method.
A payment method must be approved in order to pull funds from it. Once approved, the payment method will transition from PENDING status to ACTIVE. When setting chargeablePM to true, a bank statement upload is required to move the account from AWAITING_FOLLOWUP to PENDING. After a successful review of the bank statement, the status will transition to ACTIVE.
Changes to CNY Bank Account Creation
As of May 2023, there have been new parameter changes when it comes to creating CNY individual and corporate bank accounts
Making a Payout to the Payment Method
When using the Payment Method as the dest of a Transfer you will need to use the SRN with the prefix paymentmethod:.
For example, to payout BTC to MXN using a MXN payment method, you would make a request that looks like:
{
"source": "wallet:WA_W7YN28ABCHT",
"dest": "paymentmethod:PA_UP2XAELHJBD",
"sourceCurrency":"BTC",
"destCurrency":"MXN",
"amount": "2"
}