> ## Documentation Index
> Fetch the complete documentation index at: https://docs.wellapp.ai/llms.txt
> Use this file to discover all available pages before exploring further.

# Transaction Type

> Essential transaction type indicators for categorizing different types of financial transactions

## Transaction Types

<table>
  <thead>
    <tr>
      <th>Type</th>
      <th>Description</th>
      <th>Direction</th>
      <th>Use Cases</th>
    </tr>
  </thead>

  <tbody>
    <tr>
      <td>
        <strong>payment</strong>
      </td>

      <td>General payments to vendors/suppliers</td>
      <td>Outgoing</td>
      <td>Bill payments, vendor payments, general purchases</td>
    </tr>

    <tr>
      <td>
        <strong>transfer</strong>
      </td>

      <td>Money transfers between accounts</td>
      <td>Bidirectional</td>
      <td>Internal transfers, account-to-account moves</td>
    </tr>

    <tr>
      <td>
        <strong>deposit</strong>
      </td>

      <td>Incoming funds or deposits</td>
      <td>Incoming</td>
      <td>Customer payments, revenue, capital deposits</td>
    </tr>

    <tr>
      <td>
        <strong>withdrawal</strong>
      </td>

      <td>Cash withdrawals or outgoing funds</td>
      <td>Outgoing</td>
      <td>ATM withdrawals, cash disbursements</td>
    </tr>

    <tr>
      <td>
        <strong>card\_payment</strong>
      </td>

      <td>Credit/debit card transactions</td>
      <td>Outgoing</td>
      <td>Card purchases, POS transactions, online shopping</td>
    </tr>

    <tr>
      <td>
        <strong>direct\_debit</strong>
      </td>

      <td>Automated recurring payments</td>
      <td>Outgoing</td>
      <td>Subscriptions, recurring bills, automated payments</td>
    </tr>

    <tr>
      <td>
        <strong>refund</strong>
      </td>

      <td>Return of previously paid funds</td>
      <td>Incoming</td>
      <td>Customer refunds, returned payments, chargebacks</td>
    </tr>

    <tr>
      <td>
        <strong>fee</strong>
      </td>

      <td>Service fees and charges</td>
      <td>Outgoing</td>
      <td>Bank fees, transaction fees, service charges</td>
    </tr>

    <tr>
      <td>
        <strong>interest</strong>
      </td>

      <td>Interest earned or paid</td>
      <td>Bidirectional</td>
      <td>Interest income, interest charges, loan interest</td>
    </tr>

    <tr>
      <td>
        <strong>other</strong>
      </td>

      <td>Miscellaneous transaction types</td>
      <td>Varies</td>
      <td>Unclassified, special cases, custom types</td>
    </tr>
  </tbody>
</table>