What is your Payment Scheme?

The applicable payment flow scheme depends on your activity type. We recommend that you integrate our solutions in your Enterprise sandbox environment based on the following payment schemes. Your production environment will be set up based on the applicable payment schemes.

Marketplace

A virtual marketplace is a type of ecommerce platform where products or services are provided by multiple third-party sellers.

You need to create a client technical account (External ID = MKP/) in your sandbox environment. This technical account will receive all incoming payments from your end-users before you can dispatch them - P2P - onto the payment account of the concerned merchants.

The most common steps for this activity type are:

  • Create a payment account for each merchant
  • Ensure that the end-user incoming payment is always directed to the technical account
  • Transfer - P2P - the funds received from the technical account to the client payment account of each concerned merchant
  • Transfer collected funds from a client payment account to the merchant's bank account

Donors and Money Pots

A money collection platform allows anyone to create a virtual money pot and invite donors to help finance projects.

The most common steps for this type of activity are:

  • Create a payment account for the money pot as well as for each donor
  • Get the incoming payment on the donor payment account
  • Transfer - P2P - the funds received on the donor payment account onto the money pot payment account
  • Transfer collected funds from the money pot payment account to the bank account of the money pot beneficiary

Crowdlending

Crowdlending, also known as peer-to-peer lending (P2P), is the act of lending money to people or companies through online platforms that directly match lenders with borrowers.

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Note

3D Secure is activated by default on enterprise production environments for card payments for donation/reward crowdfunding-based activities.

The most common steps for this type of activity are:

  • Create a payment account for the project/borrower as well as for each investor/lender
  • Get the incoming payment on the payment account of the investor/lender
  • Transfer - P2P - the funds received on the investor/lender payment account onto the project/borrower payment account
  • Transfer collected funds from the project/borrower payment account onto the project/borrower bank account

The repayment (when applicable) works as follow:

  • The project/borrower credits their payment account usually by bank transfer or Sepa Direct Debit
  • The repayment is transferred - P2P - from the project/borrower payment account onto the payment account of each concerned lender/investor
  • The repayment is transferred from the payment account of the lender/investor onto the bank account of the lender/investor

Crowdfactoring/Invoice Trading

Crowdfactoring is the act of selling debts to a crowd of agents in exchange for cash flow.

You need to create a client technical account (External ID = FCT) in your sandbox environment. This technical account will receive all invoice repayments from debtors.

The most common steps for this type of activity are:

  • Create a payment account for the creditor as well as for each investor
  • Get the incoming payment on the payment account of the investor
  • Transfer - P2P - the funds received on the investor payment account onto the creditor payment account
  • Transfer collected funds from the creditor payment account onto the bank account of the creditor

The invoice repayment from debtors works as follows:

  • The debtor credits the factoring technical account through a bank transfer, using the "ENVIRONMENTNAME-FACTORING COMMENT" description
  • Using the above comment (a unique invoice identifier per transaction provided to you by the debtor), the repayment is transferred - P2P - from the factoring technical account onto the payment account of the concerned investor
  • The repayment is transferred from the investor payment account onto the investor bank account

Ecommerce

Ecommerce refers to the buying and selling of goods or services online.

You need to create a client technical account (External ID = ECM) in your Enterprise sandbox environment.

The most common steps for this type of activity are:

  • Get the incoming funds on the technical account
  • Transfer collected funds from your merchant payment account onto your bank account

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