Creating a Transaction in Basefund
Step-by-step guide to creating secure transactions in Basefund — assign participants, set up the receipt and disbursement of funds, and invite participants.
6 articles
- Creating a New TransactionLearn how to create new transactions in Basefund. Choose from One-Time, Ongoing, Transfer, or Closing types and complete required transaction fields.
- Assigning Participants to a TransactionManage transaction participants in Basefund. Add contacts, assign roles, and organize participants according to the flow of funds for secure transfers.
- Setting Up the Receipt of FundsConfigure incoming funds for your transaction. Learn how to add senders and clearers, specify amounts, and connect the flow of funds between parties.
- Setting Up the Disbursement of FundsSet up fund disbursements in Basefund. Add receivers, specify amounts and purposes, link to funding sources, and maintain complete audit trails.
- Inviting Participants to a TransactionInvite participants to your Basefund transaction. Existing users are auto-invited, while new participants receive onboarding instructions via email.
- Adding Bank AccountsAdd and verify bank accounts in Basefund. Enter account details, complete microdeposit verification, and assign accounts to transactions securely.