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Acquirer features

The article describes features for Altapay, Clearhaus, Elavon, Klarna, MobilePay, MyNets, Nets Easy, Rapyd, Shopify Payments, Stripe (Payouts), Swedbank Pay

IEX connects acquirers with financial systems and automates the handling of settlement reports and related fees. The purpose is to keep track of your receivable with your acquirer. This article describes the functionalities IEX supports in the integration between the acquirer and the financial system.

Integration with acquirers is typically used in combination with an integration between a webshop and the financial system or a subscription system and the financial system, where revenue is transferred from the webshop or subscription system. The acquirer integration then ensures correct handling and reconciliation of the actual payouts.

The integration makes it possible to:

Receipt and posting of settlement reports

  • Receive settlement reports: With the integration, settlement reports can be sent from the acquirer to the financial system. The payout line is posted to a balance account, and related fees are posted to a separate fee account. This ensures correct registration of both gross and net amounts.
  • Post payouts to a balance account: With the integration, the payout is posted to a balance account and cannot be recorded as revenue in the financial system. This ensures correct accounting treatment, as the revenue has already been registered via invoice or cashbook journal.
  • Handle fees on a separate fee account: With the integration, fees from the acquirer are handled on a separate fee account. This ensures a clear separation between the receivable from the acquirer and the costs related to acquiring fees.

Flexible posting of settlement lines

  • Group settlement lines: With the integration, settlement lines from the acquirer can be grouped and posted as a single combined entry. This provides a more structured and simplified registration in the financial system.
  • Post at line level: If the settlement report contains detailed transaction lines, postings can be made at line level. This provides full traceability between each individual transaction and the received payout.

Overall business value

With an integration between the acquirer and the financial system via IEX, the handling of payouts and fees is automated. Together with the integration from the webshop or subscription system, this ensures a clear separation between revenue recognition and payout registration. It reduces manual reconciliations, creates transparency in the payment flow, and provides an accurate overview of the company’s receivable with the acquirer.

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