Glossary
Ledger
A ledger is the platform's book of record: every payment, fee, refund, chargeback, reserve movement, settlement and payout is written as entries that balance, per merchant, per provider account and per currency. From it come the merchant's balance, what the business owes each merchant, what each provider owes the business and the business's own margin. Provider statements and bank accounts tell parts of the story; the ledger is the one place where they are put together.
What the ledger writes
A paid payment credits the merchant’s balance with the amount and debits the fee; a refund reverses it; a chargeback debits the amount and a dispute fee; a rolling reserve moves a share to a held balance and back when the period ends; a provider’s settlement records what actually arrived; a payout debits the balance. Each entry carries its reference, its time and the rule that produced it.
Why a payment business needs one
Settlement from the provider arrives net and late, on the provider’s schedule; the merchant is paid on another schedule, after the business’s fees and reserve; refunds and chargebacks arrive weeks after the sale. Without a ledger the business learns its position from spreadsheets; with one, every balance is explainable to the entry.
On the platform
Tranzify’s ledger keeps balances per merchant and currency, applies the fee rules and the rolling reserve automatically, records deposits, settlements and payouts, converts for reporting with central bank rates, and exports to XLSX and CSV for the client’s finance team.
Updated: 2026-11-08