The collection of the monetary values underlying the Payment Transactions, reconciliation and settlement services, executed on the Payment Account.
|The Application Programming Interface (API) enables you to create orders.|
|B2B||Transaction scheme between companies. It is possible with SEPA and BACS.
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 corporates or individuals) in British Pound.|
|Card alias||It is an authorization which enables recurrent card transactions.|
|Payment made by entering credit card details on the wesite.|
A person or a company that is a client of the merchant.
The client may also be refered to as the customer.
The client is referred to as the subscriber in the SlimPay Rest API.
|Transaction scheme between companies and individuals. It is possible with SEPA and BACS.
|Dashboard||It is the new management tool provided by SlimPay, on which you can monitor all your transactions.|
|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 webshop or organisation.|
|Klarna||Klarna (ex-SOFORT) is a online direct payment that allows to procede to the payment entering directly your banking delails, without having to sign in or create an account.|
|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.|
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.|
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.
A process that consists in preparing a file gathering all the orders for the bank.
|Remittence files||A csv file used to create orders (SDD, SCT, import mandats, etc.).|
|Reporting||A reporting allows you to have all your information summarised 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.|
|SEPA||Single Euro Payments Area|
|SEPA B2B Direct Debit (SDD)||An optional payment scheme that enables a merchant to debit its corporate clients in Euro.This scheme not being implemented by every banks, and the SEPA B2B mandate having to be validated by the debtor bank, this payment scheme may not be appropriate for all use cases and SEPA Core Direct Debit might be preferred.In case of doubt please contact your account manager.|
|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.|
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.|