To start accepting payments, you must:
- Create balance accounts for your users.
- Build your online payments integration and a checkout UI.
- Configure the payment methods that your users want to accept.
To make sure that the pay-in, settlement, and payout processes run smoothly, you must book the incoming funds and fees to the correct balance accounts. This means that in each individual payment, capture, and refund request that you send on behalf of your users, you have to include information on how to split the funds between your users' balance accounts and your platform's liable balance account.
In your requests, you can include specific instructions on booking:
- Payments for the goods or services in the payment or capture request
- Refunds
- Fees incurred by transactions
- Chargebacks and related fees
- Leftover amount after currency conversion
Your platform's commission is always booked to your liable balance account.