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“Know well the condition of your flocks, and give attention to your herds.”Proverbs 27:23

What is a subaccount?

Subaccount

A subaccount is a settlement destination registered with a payment processor under a platform's account, so that money collected for one church settles to that church's own wallet or bank account and to nobody else.

It is how a platform serving many churches keeps their money apart. Each church's subaccount names its own account; the platform's share, if any, is a percentage set on the subaccount. Fold's is zero.

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Related terms

Software that already knows what a subaccount is

Fold is built around the structure and vocabulary of Ghanaian churches. Thirty days free with your own register.

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