I am just trying out the open-API specs provided by tmforum https://www.tmforum.org/open-apis/ and cannot seem to figure out the difference and actual purpose of the financial account resource mentioned in account management API specs. Can someone please elaborate?
The financial account aggregates the amounts of one or more billing accounts owned by a given party. For example, as a customer, I may have multiple billing accounts (e.g. for broadband services for multiple properties) - the financial account is the aggregation of these billing accounts.
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I'm creating a medical transportation website that manages the day to day tasks of medical transportation companies. Can each company that signs up under my website create and use their own api keys so that they get billed individually by here developer? I'd like to offer the website for free for each company to sign up with me and their only bill to be from here developer.
Thanks
Evening
I have a client who is asking to build an eCommerce tool in which multiple stores are able to create accounts and their products in order to sell them via a web app.
This is not like any regular eCommerce sites since we are working with multiple stores each one of them with an unique bank account.
The quick solution is to ask the stores users to give me the bank account and all extra sensitive information and do the transaction via coding my self... but i don't want to mess with such delicate data that is why im looking for some service that helps me do that.
I know that i can use auth net to build something like that but my main client will have to pay for each of those merchant accounts, which is not a very good option.
Any of you had the chance to work in something like this before? Can you tell me which services you used? Would be extraordinary to use the same payment gateway to do everything but i am probably asking for too much...
Waiting for answers, thanks in advance
You definitely don't want to be storing bank information and card data if you are not Level 1 PCI compliant. There is a lot of financial liability if you do so.
There is a company called Base Commerce (www.basecommerce.com) which allows developers such as yourself to create a 'partner' account and associate multiple merchant accounts under it. You can spin up or down as many accounts as you want, all programatically, at no cost (except for the small % transaction fees that are normal in payment processing). You will also get commissions on the transactions your merchants process.
Is there a way to get transactions for all container accounts that belong to a specific site aggregated using Yodle APIs?
For example, the American Express Cards (siteId: 12) have bank, credits, loans and etc enabled containers.
So, can we get the transactions for all enabled container accounts for a single site?
If you mean to ask this- "Is there a way to get transactions for all the accounts(all containers) belongs to a particular site?" Then.
Yodlee provides two ways to get the transactions.
Getting transactions for a specific account i.e., you need to provide itemAccountId for each account to get the transactions for the specific account using executeUserSearchRequest API.
Getting transactions for all the accounts i.e., you need not to provide itemAccountId for any of the particular account while provide rest of the input parameters to get transactions using executeUserSearchRequest but this will return you transactions for all the accounts. Using your example, it will give you transactions for all the container present under SiteID-12 as well as other sites added by the consumer. Though you can use the second approach to get the transactions for all accounts and then filter it out for all containers belongs to a specific site. You can use the sumInfoId(ContentServiceID) present in the response for each transaction.
Can a Balanced user use an Etrade account as their funding source / payout destination?
These accounts have standard routing and account numbers but it is not clear if credits and debits are accepted in the normal way.
If this is possible, does the customer need to set up authorization etc. with Etrade before using Balanced?
Thanks!
https://us.etrade.com/home
If your Etrade account has a routing number and account number like any other bank account in the US then it will be compatible.
If it's a virtual bank account that can only be accessed via the Etrade website then it will not work.
Balanced uses the ACH network to perform credit and debit operations on bank accounts so there is nothing specific to a particular bank.
I have to integrate a payment gateway in my web app. I am negotiating with PGs to get most suitable offer. Most of them have:
Setup Fees
Annual/Monthly Fees.
Per Transaction Fees (1%-5%)
Rule of thumb is- Higher the setup fees, lower Transaction Fees.
My question here is "Are payment gateways compulsory?" I have used several sites like ebay, flipkart, amazon etc which take credit card info directly on their portal, authorizing it directly from bank, bypassing 3rd party payment gateways. (This is how it seems.)
What happens behind the scenes here? What is the process to directly accept payments and authorize it from bank?
What tentative transaction volume is needed to make the above scenario profitable?
I used to work for bluesnap (previously called Plimus) which is an on-line payment-processing company. A payment-processing company - is a company that authorizes and charges the credit-card against the processing gateways.
Many people confuse payment-processing companies with processing gateways. As a small business you can either use one of the payment-processing companies or use self-service such as Authorize.net, Paypal etc.
There are plenty of resources over the web that explain about payment-processing but I don't think that it will be very interesting to read, unless you decide to build your own gateway...
In order to work directly against one of the gateways you need to process millions of transactions per day - which I don't believe you have the capacity.