Card Transactions

Card Transactions

1. Receive TRANS|POST Webhook with Transaction Details

2. Notify User of the Transaction (typically via app popup)

   1. Date

   2. Merchant Name

   3. Amount

   4. Fees

3. Receive TRANS|PATCH Webhook with settled Transaction Details

4. Notify the user of any changes to final transaction amount

Notes:

• Card transactions have 2 primary stages: Authorization and Clearing

• The authorization and clearing amounts can be different due to:

  • Changes in final amount (Gas stations and restaurants with tipping frequently)

  • Changes in currency conversion rates

• Transactions can only be rejected during the authorization stage

• By default, Synapse approves any transaction if the user has balance and the transaction does not exceed their limits.