Accounting model by operations

Invoice and Merchant payments

Invoice and Merchant payments occur inside the circulation and do not change the volume of e-money issued to the system (it does not influence the balance of the wallet with the type issuing_balance) – under condition that the client pays for Invoice or makes a Merchant payment with the e-wallet of smart card. With this model, e-money was issued into circulation (to the balance of the e-wallet) earlier, during the wallet top-up operation. And will be redeemed from the circulation when the Merchant makes a Withdrawal from his wallet.

The system commission for the transfer operation is also accumulated inside the circulation until it is deducted from the circulation by withdrawal from the commission wallet – as the company’s revenue.

Invoice

Merchant payment

Prepaid voucher

Voucher creation and Voucher activation occur inside the circulation and do not change the volume of e-money issued to the system (it does not influence the balance of the wallet with the type issuing_balance). With this model, e-money was issued into circulation (to the balance of the e-wallet) earlier, during the Merchant wallet top-up operation.

The system commission for the transfer operation is also accumulated inside the circulation until it is deducted from the circulation by withdrawal from the commission wallet – as the company’s revenue.

Voucher creation

Voucher activation

 

Currency exchange

During Currency exchange operations exchange_reserve wallets in different currencies are involved. Funds to this wallet were issued into circulation before the client performed the currency exchange operation (by using Top up exchange reserve).

To perform Currency Exchange operation Top up exchange reserve wallet is required.

The transfer of bought/sold currency to client wallets during the currency exchange operation occurs from exchange_reserve – that is why the Currency exchange operation itself has no influence on the circulation volume and occurs inside it.

The system commission for the transfer operation is also accumulated inside the circulation until it is deducted from the circulation by withdrawal from the commission wallet – as the company’s revenue.

Currency exchange

Top up exchange reserve

Withdraw exchange reserve

External operations

Top up

“Top up via provider” operation impacts the volume of e-money circulation (increases it).

For “Top up via provider” operations, the approach to issuing commissions is the following:

• the system and provider commissions are not included in the amount of e-money issued into circulation, it is only calculated for the accounting needs on separate commission wallets (usage=accounting).

“Top up via provider”: total commission > provider commission

“Top up via provider”: total commission < provider commission

An additional case is when TOTAL commission is less than the PROVIDER commission and it involves the next account types:

• debt_gate_settlement – to show the amount that the system did not receive from the provider because the provider deducted their commission (allow negative balance)

• debt_gate_commission – to show gate commission that was not covered by the total commission received from the customer

The Administrator has the ability to see both calculated and applied commissions in such case (use POST /transactions/view):

• Calculated provider commission – is the commission to be paid to the provider (full amount)

• Applied provider commission – is the commission that will actually be paid to the provider, will be equal to total commission

• Applied system commission – will be equal 0

• Applied total commission – is the commissions that was charged from the client, equal to the provider commission

Withdraw

“Withdraw via provider” operation impacts the volume of e-money circulation (decreases it).

For “Withdraw via provider” operations, the approach to issuing commissions is the following:

• the system commission is not included in the amount of e-money removed from circulation, it is accumulated on a separate commission wallet (usage=circulation). Until it is deducted from the circulation by withdrawal from the commission wallet – as the company’s revenue.

• the provider commission is included in the amount of e-money redeemed from the circulation

“Withdrawal via provider”: total commission > provider commission

 

“Withdrawal via provider”: total commission < provider commission

Purchase via provider

“Purchase via provider” operation impacts the volume of e-money circulation (decreases it).

For “Purchase via provider” operations, the approach to issuing commissions is the following:

• the system commission is not included in the amount of e-money removed from circulation, it is accumulated on a separate commission wallet (usage=circulation). Until it is deducted from the circulation by withdrawal from the commission wallet – as the company’s revenue.

• the provider commission is included in the amount of e-money redeemed from the circulation

In this case, an amount to send to the provider settlement includes the price of the product plus the provider’s commission.

“Purchase via provider”: total commission > provider commission

“Purchase via provider”: total commission < provider commission