A Funding Reference ID is a Payor’s unique 8-character identifier. When sending wire instructions include only the funding reference ID in the memo field to properly allocate your funds to your Velo account. If there is other information included in the memo field, funds will be held in an unallocated status and will delay payouts.
To view your Funding Reference ID,
- Login to the VeloPay Platform
- You will land on the Summary page where you will see your Source Account information.
- Click the ellipse to the right of the Source Account
- On the next screen, your Source Account details will be displayed including your Funding Reference ID