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Find out about Learn how Wallet Transactions can be created |
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What are Wallet Transactions?
Wallet transactions are a set of transactions which can be applied on wallets in order to credit, debit or reimburse the wallet. Wallet transactions consist of information related with the amount of money that is submitted through that wallet transaction, and references of the processes or data that have generated that amount.
- Wallet Credit Transaction
- Wallet Debit Transaction
- Wallet Reimburse Transaction
- Wallet Void Transaction
Wallet transactions can be created manually or automatically. Manual transactions can can be created via the Wallet Transactions page, or automatically or automatically via rules defined in the Wallet Definitions.
Visit the following 2 links to find out about both both manual and and automatic created transactions
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Types of Wallet Transactions
The different Transaction Types can be created based on your business needs, however they can only belong in one of the following 4 classifications.
Wallet Credit Transaction A wallet credit transaction is a type of wallet transaction which is used to credit (i.e. add an amount of money) the wallet. If the credit amount should be consumed by a specific entity (i.e. specific product) then the entity and entity value (maximum amount to be consumed by specified product) can be specified on the credit transaction, as allotment entity. This will result to restrict that amount of money, to be consumed only by that entity
If the Credit Transaction is to be created automatically then this will be defined in the Wallet Definitions - Crediting Causes
Wallet Debit TransactionA wallet debit transaction is a type of wallet transaction which is used to debit (i.e. deduct an amount of money) from the wallet. The entity (i.e. specific product) and entity value (amount consumed by the specific product) can be optionally specified, in order to be validated against any allotment amount and therefore use that allotment amount
If the Debit Transaction is to be created automatically then this will be defined in the Wallet Definitions - Debiting Causes
Wallet Reimburse TransactionA wallet reimburse transaction is a type of wallet transaction which is used to debit (i.e. deduct an amount of money) the wallet, in order to pay back an amount of money, or to use that amount in any other processes (for example to convert the wallet remaining amount into a credit financial transaction which will be allocated against the Financial Account belonging to the wallet holder, which can either be paid back to the customer or not)
If the Reimburse Transaction is to be created automatically then this will be defined in the Wallet Definitions - Reimburse Causes
Wallet Void TransactionA wallet void transaction is a type of wallet transaction which is used to cancel (reverse) a wallet transaction of any type (credit, debit, reimburse) and make it non-visible to the wallet holder. A wallet void transaction is always related to the wallet transaction that it voids.
If the Reimburse Transaction is to be created automatically then this will be defined in the Wallet Definitions - Void Causes
Wallet Transaction Attributes
Regardless of the Wallet Transaction type the same information is being kept for all of the wallet transactions created.
Number: An auto generated number that uniquely identifies each wallet transactionType: The wallet transaction type, which determines the nature of each wallet transaction, based on the wallet transaction type classification. The supported wallet transaction type classifications are the following:Wallet: The related walletAmount: The total amount of the wallet transactionExtra Added Amount: An extra added amount that will affect the wallet balance on crediting the wallet, but will not be taken into consideration during various processes such as reimbursing the wallet or invoicing the related accounts receivable. This information is applicable only for credit wallet transactions Notes: Notes for the wallet transactionLife Cycle State: The life cycle state of the wallet transaction that can be effective or voidedVoided by Wallet Transaction: The wallet transaction that voided a debit, credit or reimburse wallet transactionLog Information: Includes the standard log information, and in addition the following:- Process Name: The process that created the wallet transaction (for example manually, execution of prepaid billing run, payment posting etc)
- Entity Name: The name of the entity that caused the creation of the wallet transaction (for example payment, subscription action, prepaid billing run etc)
- Entity Value: The value of the entity that caused the creation of the wallet transaction
Allotments: A wallet transaction allotment is used to identify restrictions on how the wallet available amount, generated by wallet credit transactions, can be consumed. These restrictions are set by product, and include the following:Product: The product that is allowed to consume the allotment amountAllotment Amount: The amount which can be consumed by the specified product