ACH Client Debit - ACH Debit drawn from a consumer account number and routing number
ACH Credit / Fee - A Fee payment payable to a specific Payee defined in the system
Check Payment - Payment received from Client as a check / cashiers check / money order.
Credit Card Payment - A client credit card payment charged to the credit card on file.
Balance Transfer - Transaction to account for a balance transfer from one provider to another. Typically when migrating a client from another Account Management provider to DebtPayGateway.
Client Refund - Money issued back to the consumer, via ACH, check, wire or other means.
Transfer - A Debit to a specific payee account. Typically used to move money from your DSC bank account into the clients custodial account. (I.E. used for settlement advancements or to pull back fees)
DPG Custodial Fee - DebtPayGateway Custodial Account Fee
Settlement - Payment made to a Creditor via, Check By Phone, Wire, Check, etc
Disbursement Fee - Fee from the gateway for Settlement Payments
Custodial Reimbursement - A credit from DebtPayGateway to the clients custodial account.
Retained Performance Fee - A fee held by DebtPayGateway that will be realized to the Debt Settlement Company or Payee when a settlement has been reached.
Earned Performance Fee - A fee payed to a payee in the system for a performance settlement. Similar to an 'ACH Credit / Fee'
Transactions can have Sub-Types. These are configurable by the DSC. This will allow to you create specific sub-types of the top level transactions.
For example: Credit > Retainer Fee, or Credit > Recoup, etc