Organisation Accounts

Anchor uses the concept of a organisation to group a set of resources, such as customers, products and accounts. An organisation is typically your business as a whole.

Your API credentials is linked to only one organisation.

Root Accounts

Root accounts are your accounts, that Anchor sets up to support your activities. Unlike deposit accounts, root accounts belongs to your business and not your customers. Some root accounts have a special purpose, meaning they only support specific functions that are relevant to their use case. The funds in these account are directly owned by your business.

When you activate your business, your root accounts will be created automatically based on your use case.

  • Master account: Your master account is your main business account on Anchor, used for disbursements and payment collection and will be automatically debited by Anchor for a range of situations, including disputes and fees.

  • Revenue account: Your revenue account is a type of account designed to be credited by Anchor with your company's revenues and commission.

  • FBO account: Your FBO (For Benefit Of) account is a type of account designed to hold your customer funds. Your FBO account is used as the parent account of your sub accounts.

Root Customer

Root customer is a special type of customer that represents your organisation. A root customer have special properties - such as the ability to be parents of special account types. Accounts under a root customer hold your company's money.

Only one root customer is allowed per organisation. Root customer will automatically be created for you in live environment when live access is enabled.