Creditor operations

Creditor operations define the payment timing, installment treatment, Merchant Discount Rate (MDR), fees, and settlement behavior Seller management applies to merchant transactions. It does not create purchases or authorizations. Instead, creditor operations are configuration records that take effect only when a matching merchant transaction is received.

This guide is for Pismo customers, implementation teams, and operations teams responsible for configuring and maintaining Seller management creditor operations. For an introduction to Seller management and its entities, refer to Seller management overview.

This guide explains:

• The entities involved in creditor operations
• The relationship between processing codes and creditor operation rules
• The information to define before configuration
• How Seller management evaluates merchant transactions
• How receivables schedules support settlement and advancement
• How to update, re-price, and delete creditor operations
• The creditor operations lifecycle, applied end to end through a hypothetical example