Overview
PNSL stands for Pay Now, Settle Later.
A Payment Network asks Axiym to fund a payment made by one of its clients. Axiym creates a receivable for that amount and disburses the funds to the Payment Network's bank account. The Payment Network executes the client payment in its own system. When repayment funds arrive at Axiym and are attributed to the client, they are applied to that client’s outstanding receivables, oldest first.
PNSL is a financing and repayment API, not a payment-processing API.
How it works
- Onboard the client. Submit the client with
POST /onboardings. Axiym reviews it; once the client isACTIVE, it can be funded. - Check capacity.
GET /clients/{clientId}/credit-accountsreturns the client'savailableBalancefor each currency and payment rail. - Fund a payment.
POST /clients/{clientId}/receivableswith the payment's amount, currency, and details. Axiym creates the receivable (PENDING) and starts the disbursement; when it settles, the receivable isACTIVEand the funds are on your account. - Repay. Funds sent to Axiym with the client's settlement reference or
client code in the memo are applied to the client's receivables
automatically. Funds that cannot be attributed to a client land on your
settlement account; apply them with
POST /clients/{clientId}/repayments. - Track. Receivable events and
GET /clients/{clientId}/receivables/{receivableId}show the remaining principal until the receivable isPAID.
The core resources
Client
A business whose payments you fund through PNSL, such as an MSB or a PSP.
Identified by clientId; must be onboarded and ACTIVE.
Credit account
The client's financing facility for one currency and payment rail: credit
limit, outstanding principal, and availableBalance. Its
balance is money received from the client and not yet used
for repayment.
Receivable
One funded payment: how much was funded, how much is still outstanding, the total due, and the disbursement and repayment transactions.
Webhook event
A signed notification that a client, credit account, or receivable changed. Read the resource for its current state.
Where to go next
- Accounts and money movement: credit accounts, client settlement balances, and your settlement account.
- Receivable and repayments: receivable statuses, how funds are attributed, and how they are allocated.
- Roles and responsibilities: who does what.
- Operational lifecycle: the end-to-end flow with its asynchronous steps.
- Getting started when you are ready to integrate.