| Account | Balance matching an account code that is assigned to a Seller |
| Account Code | Unique code of the seller that reflects the seller inside our system |
| Balance | Amount that is registered on a specific account |
| Bank Statement | Export of debit and credit transactions of foundation account |
| Bookkeeping balance | Virtual balance that is registered on a specific account that is ready for payout |
| Business | Legal entity that is a Business |
| Division | Part of the merchant where orders are clustered in. Could be based on shop, region county etc. |
| Default Account | The default account is a deposit in transit account that keeps track of the reconciled transactions if all transactions are reconciled this amount should be zero |
| External Account | IBAN or Bank Account number where balance of seller or merchant needs to be transfered to |
| Foundation Account | Payaut’s escrow account where all debit and credit transaction of the merchants are added and substracted |
| Ledger account | An account created in the bookkeepping that keeps track on debet and credit transaction comes in pending and confirmed ledger accounts |
| Legal Entity | Type of Seller (Private Individual or Business) |
| Merchant | Merchant of Payaut where order is placed. The merchant send us the splits, payout requests and accountholder details |
| Merchant Account | Account where the balances ment for the merchant are booked on. This can be seen as income for the merchant |
| Payaut Batch | collection of Payout items that together form a batch to be exported to ABN AMRO. Once uploaded status change too “in progress” once subtracted from bank account status change in “completed” |
| Payaut Batch Status | Answer on payout batch. Status types are: Open, Ready, In Progress,Partially Failed, Failed and Complete |
| Payaut Items | Formed out of collected “accepted” payout request that once added as Payout item creates a payout initiation ready to process in a batch |
| Payaut Items Status | Answer on payout item. Status types are: Waiting, Assigend, In Progress, Complete, Failed |
| Payaut Platform | Platform Payaut is using to collect the Pay-in (split payment, psp settlement report and bank statement and Pay-out information (Payout request) |
| Payaut Requests | First step in payout process where system or merchant instruct a withdrawal of a balance. This instruction is validated and answer of instruction request is answered with a payout request status |
| Payaut Requests Status | Answer on payout request instruction Status types are: Waiting, Accepted, Rejected,Failed and Processed |
| Private Individual | Legal entity that is a natural person that doesn’t reflect a Business |
| PSP Settlement Amount | Total sum of orders, refunds and psp fees containing the psp settlment report that can be expected on the foundation account |
| PSP Settlement Report | Report received via API from PSP that contains all orders and refunds made on the platform of the merchant. (daily, weekly or monthy) |
| Seller | Seller on the platform of the merchant |
| Split Payment | Order that needs to be divided into two or more entities. |
| Split Payment Instructions | Split instruction on how to divide a incoming order send by the merchant via API call |
| Split Type | Type of behaviour of adding or subtracting the balances |
| Reconciliation | Investigate and match of the split instructions are received together with the matching psp settlement report of this split and matching bank statement of this psp settlement report. |