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Global Payments Oceania API Global Payments Oceania API

Payto Payment Agreements

A PayTo Payment Agreement is a contract between two parties that specifies the terms and conditions of a transaction. This gives the payee permission to debit funds from the payer’s bank account in line with the conditions set out in the agreement. The agreement defines the amount, date, frequency, and description of the payment, as well as any fees that may arise. A PayTo Payment Agreement can be used for various purposes, such as buying something online or signing up for a service, or paying for what you use, like your electricity bill.

The table below contains contains a breakdown on the different types of PayTo Payment Agreements and example use cases.

DetailsDefinable AttributesExample Use Case
Fixed AgreementAgreement for regular standardised payments with an optional different first amountAgreement End Date
Recurring Amount
First Payment Amount
Frequency		Customer signs up to a gym, there is a $50 signup fee and a monthly fee for the membership of $40.95.
Agreement is setup as a monthly fixed amount of $40.95 with a first payment of $90.95.
Balloon AgreementAgreement for regular standardised payments with an optional different last payment amountLast Payment Date
Recurring Amount
Last Payment Amount
Frequency		Customer signs up to a phone contract with a handset cost of $1243, split over 12 months.
Agreement is setup as a monthly fixed amount of $103.58 with a last payment of $103.62
Variable AgreementAgreement for regular variable paymentsAgreement End Date
Maximum Amount
Frequency		Customer signs up to a meal prep service where you can select your weekly meals from a variety of options including budget, standard and premium meals.
The Payment Agreement is setup for a weekly amount upto the maximum they can spend ($200).
Usage Based AgreementAgreement to take funds upto a maximum amountAgreement End Date
Maximum Amount
Frequency		Customer adds PayTo as a payment method to their rideshare service wallet and sets this upto a limit of $50 per ride.
The payment agreement is setup as an Adhoc frequency upto a maximum amount of $50 per transaction - this can be triggered anytime or even multiple times in a day.