Instalments and Partner Management update
Gross Transaction Reimbursement
<New set of product options, separately licensed>
Now when you run a partner scheme but do not use WAY4 Acquiring, you can reimburse to your merchant the principal amount of transactions made within the partner scheme – in addition to regular scenarios when merchant partners are only settled for partner fees.
Partner Management is intended for card issuers to create consumer finance partnership schemes for retailers, e.g. for those who promote and sell the issuer’s instalment loans and cards at POS. This is particularly relevant when the issuer is not the merchant’s acquirer. Through the new option, issuers can reimburse the retailers directly for the gross amount