Payments concepts

The models behind Swan payments: how a payment groups transactions, the payment methods that move money, and the merchant side that accepts it.

How payments work

A payment is a request to move money. Each payment groups one or more transactions, which are what actually credit and debit accounts.

PaymentA request to move money.→TransactionsThe credits and debits a payment creates.

Payment methods

Each payment method has its own model, rules, and statuses.

Transactions

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Credit transfersPush payments across SEPA and the world.Direct debitPull payments collected by mandate.Card paymentsCard transactions, authorization, and clearing.Verification of payeeBeneficiary verification for SEPA transfers.MerchantsAccept payments online and in person.