Overview#
The system's primary building block is Merchants, which represent real-world businesses or companies. Transactions occur between two merchants, where one merchant sends funds to another. This can be done using either the Payout API or the End-to-End API.Core Entities#
1. Merchants#
Merchants describe a business or company and act as the foundation of the system. Every transaction involves two merchants: the sender and the receiver.2. Receiver Accounts#
Each merchant has one or more Receiver Accounts, which store bank account details that allow the system to process payouts to the merchant.3. Transactions#
A. Payout / End-to-End Transactions#
Payout / End-to-End transactions involve the movement of funds from a source merchant to a target merchant receiver account. The source merchant deposits funds (fiat or crypto), and the target merchant receives the funds in its receiver account.B. Collections Transactions#
Collections transactions involve the movement of funds from a target merchant to a source merchant receiver account. It's the opposite of the Payout / End-to-End transactions. The target merchant deposits funds (fiat only), and the source merchant receives the funds in its receiver account.Data Model Diagram#
Below is a diagram that illustrates the relationships between these entities.A. Payout / End-to-End Transactions#
B. Collections Transactions#
Transaction Flow#
A. Payout / End-to-End Transactions#
1.
Merchant A initiates a transaction, sending funds via the Payout API or End-to-End API to Merchant B Receiver Account.
2.
Funds are deposited by Merchant A (either fiat or crypto).
3.
Merchant B receives the funds in its associated Receiver Account.
4.
The transaction is completed successfully.
B. Collections Transactions#
1.
Merchant A initiates a transaction, receiving funds to its Receiver Account via the Collections API from Merchant B.
2.
Funds are deposited by Merchant B (fiat only).
3.
Merchant A receives the funds in its associated Receiver Account.
4.
The transaction is completed successfully.
Summary#
Merchants represent businesses conducting transactions.
Receiver Accounts store payout details for merchants.
Transactions move funds between merchants to a target receiver account.
The Payout API, End-to-End API and Collections API facilitate transactions.
Modified at 2025-03-20 13:06:37
