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Learn about the different types of accounts you can create on xenPlatform

Last updated 09/23/2019

The first step to using xenPlatform is to create accounts that are linked to your business. The balance and transactions of these accounts are recorded separately from your Platform. This separation allows you to easily keep track of payments that you facilitate for the Partners that you work with.

There are 2 types of accounts that are available:

  1. Owned accounts - accounts that are invisible to your Partners and fully controlled by you
  2. Managed accounts - Partners get a full Xendit account that you can transact on behalf of

These 2 accounts types are designed for different use cases. Here are the differences and suggested use cases below:

OwnedManaged
DescriptionAccounts that are invisible to your Partners and fully controlled by youPartners get a full Xendit account that you can transact on behalf of
Best forPlatforms that want to get started accepting payments for their Partners quickly with minimal documentation collection overheadPlatforms that want to enable their Partners to provide a highly customized payments experience to end-customers
Do your Partners need to submit information to Xendit for onboarding?NoYes
Whose information displayed to the public? (e.g. on credit card statements, ewallet apps, etc.)PlatformPartner
Who has the ability to specify payout schedules?PlatformPlatform or Partner
Who can access the Xendit Dashboard?PlatformBoth
Who pays Xendit transaction fees?PlatformPartner

If you require more guidance or something else, please contact us for a free consultation.