Transactions track all movement of money in Xola. For any exchange of money from one user to another (e.g. consumer paid a seller), a new transaction is created. This is true even if the exchange of money happened offline (e.g. physical cash).
Transactions in Xola track movement in several directions:
- From a traveler to the seller (creating a new booking)
- From a seller back to the traveler (a refund)
- From Xola to the seller (a payout)
- From a seller to an affiliate (paying out commissions)
Transactions are Immutable
Transactions once created are never modified. Once fetched you may cache transactions locally if required.
Transaction Types
Every transaction has a type attribute that indicates the nature of the transaction. Currently Xola has the following transaction types:
| Type | Description |
|---|---|
purchase | The traveler paid an amount to the seller for a purchase. This could reflect creation of a new purchase, or an additional charge on a pre-existing purchase. |
purchase_affiliate | |
refund | A purchase was refunded -- the seller refunded some money back to the traveler |
deposit | The traveler paid a deposit amount to the seller for a purchase. |
balance | The seller collected the balance amount from a deposit (which was previously collected towards a purchase). |
payout | A payout was initiated from Xola to the seller's bank account. All payout transactions are reflected in the payouts report |
auto_payout | An automatic payout was initiated from Xola to the seller's bank account. All payout transactions are reflected in the payouts report |
payout_adjust | |
affiliate | Reflects collecting payment or crediting an affiliate with an amount for their bookings. |
modify | |
subscription | Xola charging the seller for their subscription fees. In this situation the seller's registered credit card would be charged. |