Skip to main content
Once a connected account is verified and inbound_payments is activated, PIK issues it receiving details. For AUD, this is a Virtual Account Number. For USDT and USDC, this is a Solana wallet address. Any third party can send to these details without needing a PIK account. USD, HKD, and SGD do not have inbound receiving mechanisms. Balances in these currencies can be funded by converting from AUD or stablecoins within the PIK wallet.

​
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 automatically. To issue a VAN: Call POST /api/v1/accounts/connected-account-idconnected: inline export/virtual-account after activating inbound_payments. Key points:
  • Each account gets a unique account number — never shared.
  • Any Australian bank account can be the source — no PIK account required.
  • Third-party senders are fully supported.
  • VANs are persistent until explicitly released.
Settlement timing: Typically within one business day. NPP-enabled transfers may settle within minutes.

​
Receiving USDT and USDC via Solana address

PIK assigns each connected account dedicated Solana wallet addresses for USDT and USDC. Network requirement: PIK only accepts USDT and USDC on the Solana network. Transfers sent on Tron (TRC-20), Ethereum (ERC-20), or BNB Chain (BEP-20) will not be detected and will not be credited. This must be communicated clearly to senders before they initiate a transfer. Sending on the wrong network results in permanent loss of funds — PIK cannot recover tokens sent to the address on the wrong network. To retrieve crypto receiving addresses: Call GET /api/v1/accounts/connected-account-idconnected: inline export/receiving-details. Key points:
  • Each account gets unique addresses — never shared.
  • Any Solana-compatible wallet can send — no PIK account required.
  • Minimum inbound: 1 USDT or 1 USDC.
  • Settlement within minutes once the on-chain transaction reaches finality.

​
Third-party fund-in

PIK explicitly supports third-party fund-in. Connected account customers can share their VAN or Solana address with clients, employers, or counterparties and receive funds from them directly. The sender has no relationship with PIK.