Transaction approval rules
This page provides an overview of the transaction approval rules functionality on the Client Portal
Transaction approval rules allow for an additional layer of control over payments (to external beneficiaries) as well as some internal transfer that are created by users. When an approval rule is active, all crypto and fiat transfers initiated to external beneficiaries, as well as internal transfers from Corporate to Ecommerce accounts, will require approval by designated payment reviewers. Guidance on how to create or edit an approval rule can be found on the Enabling / disabling a transaction approval rule and Editing an active transaction approval rule pages.
The transaction approval rules overview screen is accessible for users with Super Admin and Admin roles, as well as users who have been designated as payment reviewers, and can be found in the drop down menu after clicking on your user avatar in the top right of the screen. Guidance on how to approve or reject payments from the payment approval queue can be found on the Approving/rejecting transaction page.
Navigating to the transaction approval overview screen
The transaction approval functionality will be applicable for the following types of transactions:
| Transaction direction | Transaction counterparty | Requires approval? |
|---|---|---|
| Payment - outbound | An external/non-Orbital fiat account / crypto wallet | ✅ - these payments will be sent to the approval queue for review, and will be processed by Orbital once approved |
| Internal transfer - outbound | An Orbital Ecommerce account (e.g. a single currency transfer between a client’s Corporate → Ecommerce accounts) | ✅ - outbound internal transfers to an Orbital Ecommerce account payments will be sent to the approval queue for review, and will be processed by Orbital once approved |
| Internal transfer - outbound | An Orbital corporate account (e.g. a single currency transfer to a client’s Corporate accounts) | ❌ - outbound internal transfers to another Orbital Corporate account will not be sent to the approval queue for actioning, and will be processed as usual |
| Payment - inbound | An external/non-Orbital fiat account / crypto wallet | ❌ - inbound payments will not be sent to the approval queue for actioning, and will be processed as usual |
| Internal transfer - inbound | An internal/Orbital fiat account / crypto wallet | ❌ - inbound internal transfers will not be sent to the approval queue for actioning, and will be processed as usual |
| Conversion | A client’s corporate account (e.g. a cross currency transfer between a client’s Corporate accounts) | ❌ - conversions will not be sent to the approval queue for actioning, and will be processed as usual |
Updated about 2 months ago