Funds and data flows

PSPs generate settlement reports for the transactions that they acquire (including sale/proceeds, refunds and disputes)

Platforms should ingest these settlement reports passed to them by their pay-in PSPs. Deposit split data is then shared to Airwallex via API

PSPs typically attach a settlement reference with the report that is generated. This reference will also be passed through the banking rails when the funds deposited to AWX

The Platform conducts data sharing to Airwallex with information on how the deposit should be split between the sellers by creating deposit intents with Create new PSP settlement intent API and splitting these intents with Split a PSP settlement intent API. The settlement reference is included as part of this deposit splits data, for Airwallex to be able to match the data shared with the incoming funds

Platform specifies when a deposit split should be released with Release split API when its required conditions have been met (e.g. when shopper has received the goods). the Platform controls the timing of release, although an upper bound may be specified to each Platform for how long funds may remain in the holding account

Platforms may add funds to a collateral account in order to prevent negative seller balances in a holding account impacting the payouts of other sellers. Given holding account balances cannot be negative, if a particular seller has disputes and refunds exceeding sales in a given period, without a collateral there would be insufficient funds in the holding account to pay out all other sellers