Transaction Types

Transaction type describes the specific action that was taken with regard to an event.

Name	Description
External	For Returns that we have for our outsourced transactions with Fiserv we create an external transaction.
Authorize	This is the bank authorization transaction to verify a consumer account. No funds are transferred in the authorization transaction type.
Pay	This is an authorization and capture within a single transaction.
Capture	A pay-in from a customer account
Refund	Funds are moved back to the consumer account after a completed capture or pay transaction.
Reverse	Transaction created when the payment is charged back by the bank (payment provider).
Deposit	Payout to a customer account
Reclaim	Funds are sent back to the merchant account after a completed deposit.
Representment	A representment transaction represents an attempt to reprocess a previously denied Capture transaction.
Tokenization	There are two possible events (tokenize and verify) for this transaction type which are triggered by the corresponding API calls.
Preauthorization	This is a bank preauthorization transaction that includes a specific total amount for a specific period. Though no funds are transferred at the time of a preauthorization, the availability of the funds is verified and subsequently entered as one or more captures, equaling the total amount of the preauthorization.