Transactions processing
A new supported Payment Type – BNPL (Buy Now Pay later)
We now support a new Payment Type – BNPL – for processing transactions via Import, Echo, and Processing modes.
In order to process transactions with the BNPL Payment Type, mark the corresponding box at the Processing step of the Sub-Account Onboarding Wizzard.
You can apply Transaction Fees and Scale Range Fees for transactions with this Payment Type.
The following two types of fees cannot be applied to BNPL transactions:
- Scheduled Fee
- Fee On Top Of Fee
Select the BNPL type of payment while configuring a fee at the Fees & Residuals step of the Service Provider Onboarding Wizzard.
- One Off Payment – a payment that occurs once and only once and is not part of a regular process or sequence.
- BNPL – a type of short-term financing that allows consumers to make purchases and pay for them at a future date.
- Recurring Payment – a payment that is repeated multiple times within a specific date range and is charged on a periodic basis.