- xenPlatform provides the tools that enable you to manage complex payments flows within your Platform.
- It is a feature that allows you to create sub-business accounts under your main account and enables you to manage and monitor all transactions on those sub-accounts. In short, xenPlatform enables you to create a branch business account or franchise account.
There are 2 types of accounts that are available:
-
Ownedis subaccount that you can use if you want to start doing payment as soon as possible account created, have full control by the Master Account. Further, your partner on owned subaccount also have access on this account, except developer access. -
Managedis subaccount that gives your partner full access like a normal Xendit account in their behalf, further you as Master Account can conduct transaction on behalf of managed account.
Exceptions for sub-account type support
Owned sub-accounts are currently disabled for Indonesia-based accounts by default. Please contact support to request for this capability.
These 2 accounts types are designed for different use cases. Here are the differences and suggested use cases below:
| Owned | Managed | |
|---|---|---|
| Description | Accounts that are invisible to your Partners and fully controlled by you | Partners get a full Xendit account that you can transact on behalf of |
| Best for | Platforms that want to get started accepting payments for their Partners quickly with minimal documentation collection overhead | Platforms that want to enable their Partners to provide a highly customized payments experience to end-customers |
| Partner-Platform business relationship | Your partners have the same brand, website, and/or products as the Platform. | Your partners have different brands, websites, and/or products with you as the Platform. |
| Do your Partners need to submit information to Xendit for onboarding? | No | Yes |
| Whose information displayed to the public? (e.g. on credit card statements, ewallet apps, etc.) | Platform | Partner |
| Who has the ability to specify payout schedules? | Platform | Partner or Platform |
| How can Partners access the Xendit Dashboard? | Invite Partners to access the Dashboard after the account is created | Partners automatically get access when the account is created |
| Who pays Xendit transaction fees? |
- Indirect Deduction: Platform - Direct Deduction: Partner |
Partner |
Please pay attention to the type of sub account you are about to make, as MANAGED sub account is not able to be migrated into OWNED sub account, and vice versa.