Card Processing (also called Interchange Processing) is another payment method to send/receive funds onto debit or credit cards. We currently only support Visa, Mastercard, and smaller networks such as STAR, pulse, accel, and nyce. This is a much faster alternative to ACH or wires, as transactions get processed instantly.
Since funds get processed instantly, insufficient returns and incorrect account info are rejected immediately as well. This gives platforms more security and lowers the liability for the platform compared to ACH.
To create a card processing transaction, you will need to:
- Create Users (Sender & Receiver)
- Link a Card
- Create a transaction to/from a Synapse managed account
A Credit/Debit card for processing Interchange payments. Pushing and pulling funds from the card is allowed
Object ID of the node
HAL style link for the node
Denotes the account standing. Look at the node permissions section above to learn more
ID of the client that created the node
Name of the client that created the node
Any nickname/common name given to the node. Eg. Savings Node
User's document ID that the card is associated with
A hash value derived from card details. This will be same for cards with same card details
true if the card is not a US based
If the node is indexed or marked deleted.
Array that tracks node updates as they occur
Type of node
Any supplied ID given by the client that created the node
Node can be used for sending or receiving funds
Node permissions are pending verification
Node has been disabled and cannot be used for any transactions
Node has been locked and cannot be used for any transactions