Balances
What is a balance?
Your PayRex merchant account has a balance resource that can be treated as a general ledger within PayRex, representing other resources such as payments, payouts, refunds, and adjustments.
Understanding balance and balance transactions can help you better manage your cash flow within PayRex, forecast your future payouts, and avoid negative balances.
Your PayRex merchant account has two separate balance resources, one for each mode.
In test mode, your balance is for testing purposes only. In live mode, the balance represents the general ledger that records actual money coming in or out of your merchant account.
Pending vs available balance
If you check the balance module from the PayRex Dashboard, you will see that the balance summary shows pending and available amounts.
When a customer pays you through PayRex, a paid payment is recorded to your PayRex merchant account, and a balance transaction with type payment is also created. This balance transaction will appear as pending in your balance. Once the payment is cleared based on your clearing period schedule, the balance transaction transitions to available, and prepared to be part of your next payout.
For successful refunds, the amount will be added to your available balance and deducted from your next payout.
Whenever a payout is generated, a balance transaction will also be created and part of your available balance. This is deducted from your balance, as PayRex will deposit the net payout amount to your nominated bank account.
Balance Transactions
Balance transactions are represented as line items to help you monitor your PayRex merchant account's balance activity. Every time money is credited or debited from your PayRex merchant account balance, a balance transaction is created.
| Balance Transaction Type | Description |
|---|---|
| payment | Created when a payment is successful. |
| refund | Created when a refund is successful. |
| adjustment | Created when PayRex created either a debit/credit adjustment |
| payout | Created when a payout is generated |