Sempo Docs
Transfer types
This page explains the different types of transfers that you may see on the Sempo Dashboard and transfer page.

What are the different types of transfers?

    Payment - a transfer between beneficiary and vendor, or vendor to vendor
    Disbursement - a transfer between NGO/Sempo and a beneficiary
    Reclamation - a transfer when NGO/Sempo takes back or “reclaims” value from a beneficiary or vendor, because too much money has been incorrectly disbursed to them. (While this isn’t technically a reversal of a transfer, it delivers the same effect.)
    Withdrawal - a withdrawal of funds from a vendor, occuring at the same time as a transfer from a third party to the vendor, which will enable the vendor to “cash out” their credits into their preferred/local currency
    Exchange - an exchange between two types of currencies

What's the difference in purposes between a reclamation and withdrawal?

    Reclamation - The purpose of a reclamation is to correct a mistake. It is what the NGO will do to “reclaim” value from a beneficiary or vendor (e.g. because money has been incorrectly disbursed to them).
    Withdrawal - The purpose of a withdrawal is to enable vendors to withdraw or “cash out”, and receive cash in exchange for their credits
Last modified 11mo ago