Important Note: To transfer funds to another recipient on the network, first the recipient needs to share their recipient information with your sending account. To transfer back and forth between the same two entities, each entity needs to add the other as a recipient. In addition, each transfer requires a maker to initiate and a checker to approve.
❗Before initiating or receiving your first JikoNet transfer, we advise you to utilize our checklist. This will help you validate the end-to-end workflow and ensure your team is familiar with the system's operational requirements.
To receive funds
First you’ll need to share your recipient account information.
Login to the Jiko dashboard.
Tap the Transfers button in the top-right corner.
Select Receive Money from the drop-down menu.
On the Receive Money page,
select JikoNet under Choose how you want to receive funds
click on JikoNet details
Select the desired pocket for receiving the transfer.
There are two ways to provide your recipient details:
copy the Jiko network address and Legal business name
copy the Counterparty link.
Share either of these with the sender of the JikoNet transfer.
To send funds
Select your recipient
The recipient will share their account information. Login to the Jiko dashboard.
If the recipient shares the counterparty link, the hyperlink will directly open to the page to add the recipient account. Confirm the details are correct, optionally add a nickname through the recipient display name, and then add the counterparty.
If the recipient shares the Jiko network address and business name, tap the circular icon in the top-right corner, then select Recipients from the drop-down menu.
On the Recipients page, select Add recipient in the top-right corner.
Enter the Jiko network address and legal business name, optionally add a nickname through the recipient display name, and then add the counterparty.
Transfer funds
Once the recipient is added, tap the Transfers button in the top-right corner, then select JikoNet Transfer.
💡 Jiko’s platform enforces the Maker/Checker standard for transfer processing. Each transfer requires a Maker to initiate, and a Checker (reviewer) to approve.
Then, the initiator can set up the transfer. Enter the amount, select the pocket you want to send from, along with the recipient you want to send to.
You can optionally enter a description for the transaction to share information with the recipient or optionally select a specific reviewer on your team to verify the transfer request, which will notify them via email and dashboard notification. If you do not select a specific reviewer, all dashboard team members who can approve a transaction will be notified via email.
Once the transfer request is verified by a team member, a payment confirmation email and dashboard notification will be sent to the initiator of the transfer.
Finally, the reviewer can approve the transaction.
Important note for reviewers
The Sender’s team member verifies and completes the JikoNet transfer.
First, the reviewing team member selects Pending Approvals in the top-right corner, then selects the transfer request from the options presented.
Note: A blue indicator dot will appear next to Pending Approvals whenever a review is awaiting action. This indicator will remain visible until all pending reviews have been cleared.
The Transfer Request Details will populate with the option to Deny or Approve the transfer request.
Once the transfer request is approved by a team member, a payment confirmation email and dashboard notification will be sent to the team member who initiated the transfer.
