Connect the Sila Wallet API ‘out-of-the-box’ or customize it to your project’s specific needs.
Our secure wallet API comes ingrained and embedded with:
KYC and KYB come included with all API packages. Lightning fast identity verification grants up to 90% approvals in under 10 seconds. Sila users still need to manage their own compliance.
Give your clients the option to log in via an online portal and verify through trial deposits. Bank account linking is provided through Plaid.
Nacha has unveiled their instant ACH, and we are one of the first financial APIs that can offer it. Allow your customers to send money instantly for more versatility and a better product. Instant ACH is a state-of-the-art risk management service that resolves ACH debits instantly.
Send ACH debits and bank in real-time #PoweredbySila
From cryptocurrency exchange wallets who need KYC and fiat on-ramps to businesses looking to leverage blockchain technology for trustless transactions, and programmable money, Sila's Digital Wallet API is an end-to-end solution.
Check our blog article on the topic: Security Best Practices for Wallet API Payment Data which provides a general overview. Keep in mind we take care of this for you as part of our Wallet API.
Yes. Plaid’s AUTH product is required for the Sila API. Sila works with Plaid’s entire suite of products and is tightly integrated. If you need more than AUTH, we can help advise you on your Plaid subscription.
At this time we only support U.S. bank accounts and credit unions. It is possible to use our API in conjunction with International money transfer APIs such as Corpay (CambridgeFX), Thunes and Currencycloud.
See our full ACH transfer pricing schedule.
We provide bill payments through ACH transfers and our ledger. Therefore, each processing timeline will vary.
Standard ACH payments typically take 2 business days for an ACH debit and 1 business day for an ACH credit (but don’t be surprised if each takes up to 4 business days). We also offer SameDay ACH and Instant ACH. You can read about our transfer timelines in this article.
There are a number of compliance requirements for a business to send, receive, and store money in an app.
Customers need to manage compliance, but Sila won’t leave you high and dry. To partner with Sila, your business will need to be incorporated in the U.S. and each of your end-users will need to pass SSN verification or EIN verification.
Learn more about pre-qualification for all our API access.
As users are becoming more familiar with digital wallets, it makes sense that you might want to provide a digital wallet as one of your features. Or perhaps it's your core product. Wallet APIs are secured through a mixture of embedded compliance, linked API endpoints, and private keys.
Check our blog article to learn about using a Wallet API on our blog.
Our Wallet API is ground-zero for managing your API. Access identity verification, bank account linking, digital wallets, and payments in the API sandbox. You always have direct access to our engineering support team via chat.