Maker Checker

Maker Checker adds an extra layer of authorization before a transaction is executed. This system ensures thorough transaction monitoring and helps prevent fraud.

There are two roles in Maker Checker:

Maker: Can only create payouts.
Checker: Approves payout requests, allowing them to be executed.
Note: Maker Checker is currently available for local payouts only.

Adding New User as Maker Checker

1. Merchant will login to Finmo Dashboard,
2. Under organization tab, Merchant can add new Admin users either as Maker-Checker or Maker.

Maker-Checker Sub-Role:

1. This user can create and approve payouts.
2. Payouts initiated by Maker-Checker do not require additional approval and proceed immediately.
3. This user can also create new users.

   Maker Sub-Role:

4. This user can only create payouts that must be approved by Maker-Checker.
5. They cannot create new users.

Creating Payout by Maker

To create a payout as a Maker:

1. Login: Maker login into the Finmo Dashboard.
2. Navigate: Go to the "Payout" section and click on "Create Payout Request."
3. Create Request:
   • While creating the payout request, the Maker will be notified that the payout must be approved by a Maker-Checker to proceed.
   • Fill in the required details and submit the payout request.
4. Approval Notification: The Maker-Checker will be notified to approve the payout request.

Note:

• When a Maker creates a transaction, the amount will be reserved to ensure sufficient funds are available for processing upon approval.
• If the transaction is rejected, the funds will be released.

Approving Payout Request by Admin (Maker-Checker)

An Admin (Maker-Checker) can approve or reject a payout request by following these steps:

1. Notification: After a payout request is created, the Admin (Maker-Checker) will be notified via email or a notification on the Dashboard.
2. Review Request: Navigate to the details page of the payout request.
3. Approve or Reject: On the details page, the Admin (Maker-Checker) can either approve or reject the payout request.

Note: Payout requests are valid for only 10 days. If not approved within this period, they will be automatically rejected.