SlimPay Help Center

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A

Acquiring

 

 

 

The collection of the monetary values underlying the Payment Transactions, reconciliation and settlement services, executed on the Payment Account.

API

The Application Programming Interface (API) enables you to create orders.

 

B

B2B Transaction scheme between companies. It is possible with SEPA and BACS.

Back Office

It is the first management tool provided by SlimPay, on which you can monitor all your transactions. 

Bacs Direct Debit

A payment scheme that enables a merchant to debit its clients (both corporate or individual) in British Pound.

 

C

Card alias It is an authorization which enables recurrent card transactions.

Card payment

Payment made by entering credit card details on the website.
Client

A person or a company that is a client of the merchant.

The client may also be referred to as the customer.

The client is referred to as the subscriber in the SlimPay Rest API. 

Core

Transaction scheme between companies and individuals. It is possible with SEPA and BACS. 

Creditor

It is the company that has an account with Slimpay. It is the creditor that undertake transactions on the debtor (consumer).

 

D

Dashboard It is the new management tool provided by SlimPay, on which you can monitor all your transactions.
Debtor It is the client of the creditor, also called consumer.

 

I

IBAN The IBAN is the unique European identifier of a bank account. It contains information regarding the country, the bank, the agency, the account and some control digits.
iDeal iDEAL is a payment method made up of a collection of agreements and standards for an immediate online transfer from a purchaser’s bank account to the bank account of a web shop or organization.

 

K

Klarna Klarna (ex-SOFORT) is a online direct payment that allows to proceed to the payment entering directly your banking details, without having to sign in or create an account.

 

L

Label The reference that appears on the debtors bank statement. SlimPay uses the Merchant Label, if the merchant does not enter a Label, then the Company Name will be used.

 

M

Mandate

Authorization given by a debtor to be debited by a merchant. The mandate format differs from one payment scheme to another. 

Merchant A company having a SlimPay account and using SlimPay solution. 

 

P

Payment scheme

A payment scheme is a set of rules and technical standards for the transactions using the underlying payment system.

Depending on its contract a SlimPay merchant may be able to access different payment schemes such as SEPA Direct Debit Core, SEPA Direct Debit B2B or BACS Direct Debit.

Processing services

A process that consists in preparing a file gathering all the orders for the bank.

 

R

Remittence files A csv file used to create orders (SDD, SCT, import mandats, etc.).  
Reporting A reporting allows you to have all your information summarized in one document.
Reserve The reserve is an amount of money that will be used to cover the potential R-Transactions.
R-Transactions In SEPA Direct Debit these are unsuccessful transactions called R-Transaction.

 

S

SEPA Single Euro Payments Area 
SEPA B2B Direct Debit (SDD) An optional payment scheme that enables a merchant to debit its corporate clients in Euros. This payment scheme may not be appropriate for all use cases as it is not implemented by every banks and the SEPA B2B mandate must be validated by the debtor's bank. 
SEPA Core Direct Debit (SDD) A payment scheme that enables a merchant to debits clients (both corporate and individuals) in Euro.
SEPA Credit Transfer (SCT) A payment scheme that enables to transfer money in euros from a SEPA country to another SEPA country.
SFTP A SFTP (SSH File Transfer Protocol) is a network protocol that provides file access, file transfer, and file management over any reliable data stream.
Signature Authorization given by a debtor to be debited by a merchant.The mandate format differs from one payment scheme to another.

 

U

Unique Mandate Reference (UMR)

A reference, unique to a SEPA mandate, that serve as the main mandate identifier in the SEPA Core Direct Debit and SEPA B2B Direct Debit schemes.

 

 

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