A merchant account is a real bank account managed by TrueLayer on your behalf.
When you sign up on Console you immediately get access to two merchant accounts in sandbox (one each for EUR and GBP).
In sandbox, there is an upper limit of 50000 GBP for withdrawals from a merchant account. This limit does not apply to live merchant accounts. Note that no money actually moves when you make a payment to or from a sandbox merchant account.
You can find your merchant account details on Console or by making requests to our merchant account endpoints.
To use merchant accounts in your live environment, contact Support.
Go to Console > Payments V3 > Merchant Account to see your merchant account dashboard. Here you can see the transaction history of any merchant accounts you own (GBP or EUR).
Toggle between your GBP and EUR merchant accounts by clicking the tiles at the top of the screen.
Click Historical balances for an overview of the total in your balance over the past 7 days or 6 months.
Generate a CSV report of your historical balance by clicking the Generate Report button to the top right of the screen.
Click the Details tab to see the details of your merchant account, including:
- merchant account
- beneficiary name
- sort code
- account number
If your bank details have been verified, you can set up sweeping through the merchant account dashboard. This is where funds are automatically paid from your merchant account to an external account above a certain value.
Updated 2 months ago