Funding sources
Moov abstracts the differences between these sources and provides a common interface for interacting with them, called payment-methods. View the pages in this section for more information.
Payment methods
Payments methods represent all of the ways an account can move funds to another Moov account. Payment methods are generated programmatically when a card or bank account is added or the status is updated, for example, ach-debit will be added as a payment method once the bank account is verified.
Bank accounts
To transfer money with Moov, you’ll need to link a bank account to your Moov account, then verify that account. You can link a bank account to a Moov account by adding the bank account number and routing number to the account object. We require micro-deposit verification to reduce the risk of fraud or unauthorized activity. You can verify a bank account by initiating instant micro-deposits, which sends a code to a bank account. Alternatively, you can link and verify a bank account in one step through an instant account verification token from a third party provider like Plaid.
Card acceptance
Update an existing card
You are able to update a linked card and/or resubmit it for verification. If a value is provided for CVV, a new verification ($0 authorization) will be submitted for the card. Updating the expiration date or address will update the information stored on file for the card, but will not be verified.
Wallets
A Moov wallet serves as a funding source as you accumulate funds. You can also use the Moov wallet to: