Quick Menu
Open invoice (branded)
Specific information about the payment method Open invoice (as a branded BNPL solution).
Open invoice belongs to the payment method type of "Buy now, pay later" (BNPL). In summary, open invoice represents a payment method where the customer gets his goods and may pay - usually via bank transfer - in a certain period of time, e.g. 14 days after the delivery.
Please note, this is page handles the branded variant of open invoice. You may also be interested in open invoice as white-label BNPL solution.
Payment
If a customer chooses to pay with a branded BNPL solution, the initial risk scoring has to be executed by the BNPL provider in charge (similar to a credit card authorization). Using Accounting as a Service, this process step is ensured by the implementation of the pre-built UI solution, which is part of the payment module. When using the pre-built solution to initiate a payment request including the selection of the payment method and the provision of all sensitive payment data, the BNPL provider will be automatically contacted and requested to perform a risk check before accepting the order.
Once the check has been successfully passed, the goods or services can be shipped. In addition, the order will have to be created and invoiced in the accounting module of Accounting as a Service (following the use cases Create webshop order and Create invoice for webshop order).
Accounting as a Service will then confirm the delivery with the provider in charge (“capture”), the provider will take care of all customer related payment processes from then on and settle the funds with you according to the terms of service.
Settlement
The settlement information is provided by the BNPL provider in a settlement file which is sent and reconciled directly on your bank account stored in Accounting as a Service on a daily basis. Potential refunds and the fees of the BNPL provider will be deducted from the settlement amount.
Refund
For refund handling, make use of Return webshop order to trigger the refund procedure as part of a return, or use Add goodwill to manage the creation of a goodwill. In both cases, Accounting as a Service will inform the provider in charge, who will then execute a partial or full refund if necessary.
Chargeback
n/a