Disbursements
A disbursement is an operation in which BillingCenter returns money to
someone. There are four types of disbursements in BillingCenter:
- Account disbursements - Money is returned from an account unapplied fund to the account payer. Typically, this is done because the account overpaid an invoice.
- Collateral disbursement - Money is returned from collateral to an account. Typically, this is done because there is no longer a need to hold the collateral funds.
- Suspense disbursement - Money is returned from a suspense payment to the party that submitted the payment. Typically, this is done because the payment did not come with enough information to target it to a known account or policy.
- Agency bill disbursement - Money is returned from a producer unapplied fund to the producer payer. Typically, this is done because the producer overpaid for an agency bill policy.
You can use Cloud API to query for any disbursement that exists in BillingCenter. However, at this time you can only create suspense disbursements via Cloud API. For more information, see Suspense payment disbursements.