Transaction Types

A transaction type is the specific action taken related to an event.

Name	Description
External	Created for Returns related to transactions outsourced to Fiserv.
Authorize	A bank authorization to verify a consumer account. No funds are transferred during this transaction.
Pay	An authorization and capture performed within a single transaction.
Capture	A pay-in (funds transfer) from a customer account.
Refund	Funds are moved back to the consumer account following a completed Capture or Pay transaction.
Reverse	Created when the payment is charged back by the bank (payment provider).
Deposit	A payout (funds transfer) to a customer account.
Reclaim	Funds are sent back to the merchant account following a completed Deposit.
Representment	An attempt to reprocess a previously denied Capture transaction.
Tokenization	Supports two events: `tokenize` and `verify`. These are triggered by their corresponding API calls.
Preauthorization	A bank preauthorization for a specific total amount over a specific period. No funds are transferred immediately, but the funds' availability is verified. This preauthorization must be fulfilled by one or more Capture transactions.