Earlier this year the Tikkie API was released. This was a complete redesign of our payment request functionality. Many clients have started using this API or migrated their old implementation to the new one. We have learned a lot and are focused on continuous improvement. Today, the first update is available! Based on client feedback, we improved the manual retrieval step. You can now automatically download Tikkie transaction bundles using this API. This allows you to automate your entire collection process, from payment request creations to reconciliation. Read more about the update below.
 

The Bundled Payout Feature

Last year Tikkie introduced the bundled payout feature for its business clients. This functionality made it possible to bundle all Tikkie proceeds for one day and pay them out in one batch. It ensures that clients receive a single payout and avoid the fees of individual transactions. Additionally, refunds can be paid from the collected money during the day. Currently, the majority of our clients are happy with this functionality.

The transaction bundle

Due to the bundled payout feature, individual transactions were no longer discernible on the bank statement. To make this information available to our clients, we provide a statement (bundle) of all transactions per day. This transaction bundle contains the details of every individual transaction. Clients could manually download it from the Tikkie Business Portal, and use it in their bookkeeping software. This update fully automates this manual step!

So, what’s changed?

From now on, clients can automatically retrieve bundled transaction files!

New features:

• Search for transaction bundles based on the time they were paid out.
• Retrieve the bundle for processing from a secure URL
• Subscribe to a notification to automate the collection of the bundle after every payout.

The entire process is automated with these features, from payment request creation to reconciliation.

The resource

The resource introduced is called the transaction bundle. Each transaction bundle refers to a payout from Tikkie, containing various transactions. The transaction bundle resource contains metadata that describes the bundle and a list of formats and URLs that can be used to download the file. Currently, only the CAMT.053 format is supported. In the future, based on clients’ needs, more formats will be added.

Security

To secure the data contained in the transaction bundle, the same authentication mechanism used in Tikkie’s API operation is implemented. This ensures customer data is not reachable by URL only. It requires the API key and App token used in all API communications.

Get started!

Check out this update and automate your collection process with the new functionality. To get started, head over to the reference documentation and try it out!