Platforms and Marketplaces
Account Funding Transaction
An Account Funding Transaction (AFT) pulls funds from a card to fund another account (for example a wallet).
Read full definitionShouldEye Trust Intelligence Glossary
Platforms and Marketplaces Terms
Split payments, connected accounts, seller payouts, OCT/AFT concepts, and marketplace payment structures.
Educational information only. ShouldEye does not provide legal, banking, or individualized financial advice. Dispute rights, deadlines, and outcomes depend on your payment method, card network, issuer, processor, jurisdiction, and the facts of your case. Legal Disclaimers
24 published definitions in this topic.
Platforms and Marketplaces
Balance Account
A balance account holds ledger funds for a platform user pending payout or further transfer.
Read full definitionPlatforms and Marketplaces
Balance Platform
A balance platform is an architecture for creating and moving internal balances among platform participants.
Read full definitionPlatforms and Marketplaces
Card Payout
A card payout credits a payment card as the destination for disbursed funds.
Read full definitionPlatforms and Marketplaces
Connected Account
A connected account is a seller or user account linked to a platform’s master payments integration.
Read full definitionPlatforms and Marketplaces
Embedded Payment Platform
An embedded payment platform integrates payment acceptance and money movement into a non-bank product experience.
Read full definitionPlatforms and Marketplaces
Funds Allocation
Funds allocation assigns collected payment value to recipients according to marketplace or contract rules.
Read full definitionPlatforms and Marketplaces
Marketplace Payments
Marketplace payments collect buyer funds on a multi-seller platform and allocate proceeds to sellers minus fees.
Read full definitionPlatforms and Marketplaces
Mastercard Send
Mastercard Send is Mastercard’s disbursement service for pushing funds to eligible cards and accounts.
Read full definitionPlatforms and Marketplaces
Original Credit Transaction
An Original Credit Transaction (OCT) is a network message that pushes funds to a card account.
Read full definitionPlatforms and Marketplaces
Payment Ledger
A payment ledger is the system of record for credits, debits, and balances in a payments platform.
Read full definitionPlatforms and Marketplaces
Payment Subledger
A payment subledger is a detailed ledger slice for one seller, currency, or product line inside the master payment ledger.
Read full definitionPlatforms and Marketplaces
Payout Reversal
A payout reversal returns or recalls a payout when the transfer fails or must be clawed back.
Read full definitionPlatforms and Marketplaces
Payout Schedule
A payout schedule defines when available balances are paid to sellers or merchants.
Read full definitionPlatforms and Marketplaces
Platform Commission
Platform commission is the fee share a marketplace retains from each transaction.
Read full definitionPlatforms and Marketplaces
Platform Liability
Platform liability is who bears loss for chargebacks, fraud, and seller non-performance on a platform.
Read full definitionPlatforms and Marketplaces
Platform Payments
Platform payments embed accepting, holding, and moving money inside a software platform for its users.
Read full definitionPlatforms and Marketplaces
Push to Card
Push to card sends funds to a debit or prepaid card instead of an ACH bank account.
Read full definitionPlatforms and Marketplaces
Seller Payout
A seller payout transfers a seller’s available marketplace balance to their bank account or card.
Read full definitionPlatforms and Marketplaces
Seller Verification
Seller verification confirms a marketplace seller’s identity, ownership, and banking details.
Read full definitionPlatforms and Marketplaces
Split Payment
A split payment divides one customer charge among multiple recipients according to rules.
Read full definitionPlatforms and Marketplaces
Split Settlement
Split settlement routes settled funds to multiple bank accounts or balance accounts per allocation rules.
Read full definitionPlatforms and Marketplaces
Sub-Merchant Onboarding
Sub-merchant onboarding is the KYC/KYB process to enable a seller to accept payments under a platform.
Read full definitionPlatforms and Marketplaces
Visa Direct
Visa Direct is Visa’s suite of real-time push payment capabilities built on network disbursement transactions.
Read full definition