Payment Method Reference
BayWise Payments supports five payment methods. Each method has different settlement behaviour, day close impact, and processor requirements.
Methods
| Method | Settlement | Day Close Impact | Processor Required |
|---|---|---|---|
| Cash | Instant | Counted in cash drawer | No |
| Card | Instant | Not counted in cash | Yes |
| Bank Transfer | Instant or Credit | Not counted in cash | No |
| Cheque | Instant or Credit | Not counted in cash | No |
| Payment Link | Auto on payment | Not counted in cash | Yes |
Settlement Behaviour
- Instant methods create a transaction with settlement status Settled immediately on recording.
- Credit methods create a transaction with settlement status Pending. The transaction moves to Settled when payment is confirmed.
- Bank Transfer and Cheque can be recorded as either instant or credit, depending on whether funds have already cleared at the time of recording.
- Payment Link settlement is handled automatically when the customer completes payment through the link.
Availability by Direction
| Method | Inflow | Outflow |
|---|---|---|
| Cash | Yes | Yes |
| Card | Yes | Yes |
| Bank Transfer | Yes | Yes |
| Cheque | Yes | Yes |
| Payment Link | Yes | No |
Payment links are inflow-only — they are sent to customers or payers to collect funds.
Day Close
Only cash transactions are counted in the physical cash drawer during Day Close. All other methods settle electronically and are excluded from the cash count reconciliation.
Related Pages
- Transaction Statuses — how settlement type and status interact
- Settings Glossary — processor configuration and default method settings
- Category Reference — categories available per direction