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Represents the portfolio associated with a Referrer. Every Merchant will be associated with the Referrer Division. This is where workflows are set up to automatically add Merchants to groups when created, and also where the white label is configured.
Embedded Finance
This refers to the Worldpay Capital integration allowing Facilitators and Referrers on the Payrix platform the ability to offer pre-approved funding capital loans to Merchants using the Payrix Portal, allowing them to invest in their business needs.
Entity
This refers to any Merchant or referrer account operating on the Payrix Platform. In API terms, an entity represents the top-level resource for any Merchant or referrer account.
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Acomprehensive risk management system designed to automate and streamline risk decision-making processes for entire portfolios or individual entities. Similar to Decisions, Policies utilize a Rule and Action logic, however, the risk review capabilities within Policies also include third-party risk service integrations for more comprehensive, such as GIACT, LexisNexis, and Equifax. (Note: Policies contain a component called “Decisions”, this is different than Group risk decisions set from the Group profile.)
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The web portal offered by Payrix to accomplish tasks for their business utilizing a web UI, rather than the API. Contains general settings, payment processing options, reporting, fee settings, group assignments, user management, and much more!
Profit Share
A configuration between entities that allows a percentage of income (credits), expenses (debits), or both to be split between the entities in the specified percentage.
Referrer (Vendor)
A partner entity in our system that receives fees collected from Merchants.
Revenue Share
A configuration between Facilitators and Referrers allows Facilitators to receive a percentage of the revenue generated from a Merchant fee setup from which the associated Referrer normally collects 100% of the fee amount.
Risk Management
The process of assessing and mitigating potential risk associated with transactions and Merchant boarding/activity, including fraud prevention, anti-money laundering compliance, and monitoring chargeback rates.
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