Collect (payins)
- Payer — The person or organization paying you (for example a policyholder). Used to group payment activity and reporting.
- Payment request — An instruction to collect a specific amount; it moves through statuses until it succeeds, fails, or is canceled.
- Payment method — Saved or collected card or bank details used to charge a payer, without you storing sensitive data yourself.
Disburse (payouts)
- Payee — Anyone you pay: agents, providers, members, vendors.
- Payout method — How that payee receives funds (bank account, wallet, and so on), validated for the destination country.
- Payout — A single outbound payment; batch payouts group many payouts for commissions or bulk runs.
Treasury
- Treasury account — A balance in one currency used to fund payouts and receive transfers.
- Settlement account — Your external bank account linked to Acclaim for funding and withdrawals.
- Virtual account — Bank details that attribute inbound wires to a specific treasury account.