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Payneteasy is a leading payment platform provider. Our state-of-the-art technologies and multiple layers of flexibility boost the fastest and most efficient integration and customization.
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Table of contents
  1. How Do AFT Payments Work?
  2. AFT as a “Pull” Transaction
  3. AFT vs OCT Transactions
  4. FAQ
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  1. Main
  2. Glossary
  3. What Is an Account Funding Transaction (AFT)?

What Is an Account Funding Transaction (AFT)?

An Account Funding Transaction (AFT) is a card-based transaction that pulls funds from a cardholder’s account to fund another account or a money transfer, such as a digital wallet top-up or a prepaid card reload. It’s a secure financial “pull” used to add funds to a prepaid card or transfer balances. Many people often ask, “what is AFT?”, and it essentially refers to this type of secure, automated transfer. An account funding transaction is vital in digital payments, supported by Visa, Mastercard, and other card providers.

Table of contents
  1. How Do AFT Payments Work?
  2. AFT as a “Pull” Transaction
  3. AFT vs OCT Transactions
  4. FAQ
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How Do AFT Payments Work?

With the cardholder’s authorization, a payment service provider submits an AFT through its processor or acquirer to the card network. The card issuer checks the request, including available funds or credit, and approves or declines it. After verification, the funds are transferred almost instantly. Account funding transaction systems like Visa Direct and Mastercard Send ensure fast, automated, and secure processing regardless of transaction duration.

AFT as a “Pull” Transaction

AFT transactions are known as ‘pull’ transactions because the recipient (for example, a merchant or service provider) initiates the transaction and ‘pulls’ funds from the sender’s account. By contrast, transactions that are initiated by the sender and push funds to the recipient are known as ‘push’ transactions.

AFT vs OCT Transactions

An AFT debits the sender’s card-linked account, while an Original Credit Transaction (OCT) credits the recipient’s eligible card-linked account. The two can form separate steps of the same transfer: an AFT collects funds from the sender’s card, and an OCT delivers them to the recipient’s card-linked account.

Common AFT use cases include digital wallet top-ups, prepaid card reloads, and funding person-to-person transfers.

Frequently Asked Questions

What is an example of an AFT transaction?

When you transfer money from your credit card to a digital wallet or prepaid card in order to keep some funds for future spending, you are making an AFT transaction.

Is an AFT transaction safe to use for online payments?

Yes. AFT payments use the same encryption and authentication standards as other Visa and Mastercard transactions, making them safe for online use.

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Related terms

OCT

An Original Credit Transaction (OCT) is a type of payment that allows money to be sent to a card, rather than taken from it. It’s commonly used for payouts like refunds, gig worker earnings, or money transfers.

Payout

A payout is an outbound transfer of funds from a business, platform, or financial institution to a recipient, such as an employee, contractor, vendor, partner, or customer. Payouts can be sent to a bank account, payment card, or digital wallet, depending on the recipient's location and the available payout method.

Electronic funds transfer

The electronic funds transfer (EFT) enables the movement of funds from one bank account to another account without the necessity of cash or cheques. Many people and businesses in the UK use it to make payments, deposits as well as transfers; this simplifies transactions and enhances both the speed and security of transactions.