Transaction types

How merchants are set up to accept card payments through Paynetics — MIDs, TIDs, payment methods, terminal types, and the full set of supported transaction types.

The MID and TID are assigned to a merchant by the provider so the merchant can accept card payments. One terminal can be assigned to only one merchant.

Multiple payment methods

The service supports Mastercard and Visa acquiring, Apple Pay, Google Pay, Money Send and Visa Direct. All currencies are accepted, except those limited by the card schemes. Settlement currencies are EUR, GBP, BGN, USD and RON.

Visa Direct and Money Send

These represent real-time card transfers. Funds should appear on the card within 30 minutes or less, provided the issuing bank accepts at that time. Some banks process transactions more slowly. The Original Credit Transaction (OCT) enables sending funds to eligible Visa/Mastercard cards through the card scheme directly. Examples include money transfers, funds disbursements, digital wallet loading, real-time deposits, and gambling payouts. These transactions offer speed, convenience, security, lower costs, and global reach when initiated through a prefunded merchant account.

Physical, software and virtual POS

Physical POS. Several payment terminal types have been certified and can be offered through a partner. A physical payment terminal accepts payment cards. Terminal certification is supported but is time-consuming.

Software POS. Software POS is offered via partner Phos, converting Android devices into contactless point-of-sale terminals for card and digital wallet acceptance without additional hardware.

Virtual POS. Acceptance occurs via website or mobile application, with the payment page provided by the PSP, ISO or other connected vendor.

3D Security

Domain security functions as a second authentication factor in e-commerce transactions. When customers enter debit card details on a merchant website, these details are sent to the acquirer and authentication is triggered. 3DS v.2 supports two authentication methods: challenge via OTP (One Time Password) or Biometrics. The customer is redirected to their card issuer to complete the challenge. Partners can use the proprietary MPI (Merchant Plug-In) or select their own MPI provider.

Swift and frictionless payouts

Payment accounts can be opened in EUR, GBP, and BGN with dedicated IBANs for EUR and BGN, and Sort codes for GBP. Virtual and physical Mastercard and Visa cards are available, enabled for Apple and Google Pay. Outbound and inbound transfers occur via SEPA, SEPA Instant, Faster Payments, and CHAPS. Settlement can be faster through proprietary infrastructure.

Payout configurations are based on merchant risk profile. If external payment accounts are used, settlement transfers to specified accounts. Default payout periods are weekly but can be modified for low-risk merchants. Payouts can be scheduled using a T + N formula where T is processing date and N represents delayed days. The risk department determines final payout schedules per partner and merchant.

Chargeback

Chargebacks are managed by the provider's experienced team handling the end-to-end process. The team works to find optimal solutions for mitigating fraud risks while boosting sales. Merchants can implement remediation tools — RDR for Visa and Collaboration flow for Mastercard — when required or desired.

RDR (Rapid Dispute Resolution) and Collaboration Flow

These tools resolve disputes by preventing chargebacks. When a cardholder requests a refund from their issuer, these methods facilitate resolution without initiating a chargeback.

Supported transaction types

Partners integrate via API or directly with Equens Worldline through GICC protocol. Transaction routing goes to three processors: Equens Worldline for all transactions, BORICA for local transactions, and BPC for Money Send and Visa Direct.

Pre-Authorization

A temporary hold placed by a merchant on a customer's card. During the hold period, funds are unavailable to the customer but no money is debited.

Authorization

Authorization verifies payment details and blocks funds for later capture. The card issuer (Visa or Mastercard) verifies payment details and reserves the funds to capture them later. The gateway and payment processor perform validation and risk checks.

Capture

Separate capture transactions are supported, distinct from authorization. Partners can process authorization separately from capture or combine them.

AFT (Visa)

Account Funding Transactions involve transferring funds from a Visa account to another Visa or non-Visa account. Uses include account top-ups for digital wallets, prepaid card loading, person-to-person transfers, account-to-account transfers, and cryptocurrency asset purchases. AFTs require merchant pre-approval from Visa and follow a different enablement process.

OCT

OCTs allow businesses to send funds directly to recipient Visa or Mastercard-branded cards for outbound payments such as disbursement of winnings, forex and crypto-to-fiat payouts, and peer-to-peer transfers. With OCT, the merchant sends a request via API, and if the recipient's card issuer supports Fast Funds, the payout is typically received in under 30 minutes. OCTs are executed from a dedicated merchant-funding account; partners' merchants use an e-money account with no card linked to it. Merchants can request partial or full withdrawals from OCT accounts at any time.

Refund

If an authorized payment has not been captured, merchants can cancel the authorization. If captured, refunds can be processed. Refund limits are established to ensure sufficient funds. Refunds can be processed up to 30 days from the original transaction.

Reversal

The payment transaction is cancelled by the merchant.

Purchase

Performs a debit financial transaction.

Recurring payments

A payment model where customers authorise business owners to charge for subscribed products on a predefined schedule.

Chargeback (detail)

Shoppers may request chargebacks if they don't recognise transactions or services aren't provided. Cardholders should attempt resolution with merchants before initiating disputes. After receiving a chargeback, merchants can provide representment with supporting evidence or accept the disputed transaction.

MOTO

Card-not-present transactions where shoppers provide order and payment details by mail, fax, or telephone. This outdated, high-risk method persists in some industries.

AVS

Address Verification Service detects suspicious transactions and prevents credit card fraud by checking submitted billing addresses against cardholder records at the issuing bank.

CoF

Card on File transactions occur when cardholders authorise merchants to store payment details and bill stored accounts for consecutive transactions.

UCoF / CIT

Unscheduled Card on File transactions or Consumer Initiated Transactions must be properly flagged for subsequent payments. "A transaction using a stored credential for a fixed or variable amount that does not occur on a scheduled or regularly occurring transaction date, where the cardholder has provided consent for the merchant to initiate one or more future transactions."

FX Visa Service

The Visa Foreign Exchange Rates v2 API retrieves current exchange rates between supported currencies including USD, EUR, GBP, JPY, CAD, and AUD. Features include optional markup-rate support, card acceptor information fields, source settlement conversion, and comprehensive validation with error handling.