Typically, a Virtual Card is issued after a Sale is processed and approved. But Inverse Sales is when a Sale is processed based on activity on a Virtual Card.
Inverse Sales are used in cases where you may not know the exact amount a Supplier will charge or exactly when a Supplier will process the payment. It also allows you to aggregate Supplier Purchases and process one Sale for all of those Purchases.
Many times Inverse Sales are used when Lodged Cards have been issued. Let's say you provide your customers a Lodged Card in your App to use for certain Purchases and want to charge the Consumer's Credit Card on a weekly basis for the sum of Purchases during that week.
Steps to achieve this integration:
Issue Lodged Card
Track Purchase Activity by either:
Subscribing to Webhook Events (specifically Purchase events) or,
Using the Purchase Settlement reports
Updated about 2 years ago