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Once a connected account is verified and the inbound_payments capability is activated, PIK issues it receiving details. For AUD bank transfers, this is a Virtual Account Number — a unique Australian BSB and account number. For USDT and USDC, this is a dedicated on-chain wallet address. Any third party can send funds to these details without needing a PIK account.

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Receiving AUD via Virtual Account Number

PIK issues each connected account a unique Virtual Account Number — a real Australian BSB and account number. Any person or business with an Australian bank account can transfer AUD directly to this number. PIK detects the incoming transfer and credits the AUD balance to the connected account wallet automatically. To issue a VAN, call POST /api/v1/accounts//virtual-account after activating the inbound_payments capability. PIK returns the BSB and account number immediately. Key points:
  • Each connected account gets a unique account number. No two accounts share a VAN.
  • The sender does not need a PIK account. Any Australian bank account can be the source.
  • Third-party senders are fully supported — the VAN holder does not need to initiate or approve the transfer.
  • VANs are persistent until explicitly released.

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Receiving USDT and USDC via crypto address

PIK assigns each connected account dedicated wallet addresses for USDT and USDC. Any sender with a compatible crypto wallet can transfer stablecoins to these addresses. PIK monitors on-chain activity and credits the balance once the transaction reaches finality, typically within 30 seconds. To retrieve crypto receiving addresses, call GET /api/v1/accounts//receiving-details. Key points:
  • Each connected account gets unique addresses — never shared between accounts.
  • The sender does not need a PIK account.
  • Third-party senders are fully supported.
  • Minimum inbound is 1 USDT or 1 USDC.

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Settlement timing

AUD via VAN — Typically credited within one business day. NPP/Osko transfers may settle within minutes. USDT and USDC — Credited within minutes once the on-chain transaction reaches finality.

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Third-party fund-in

PIK explicitly supports third-party fund-in across all inbound channels. Your connected account customers can share their VAN or crypto address with their own clients, employers, or counterparties and receive funds directly into their PIK wallet. The sender has no relationship with PIK.