Buckaroo can support the Merchant with a wallet system to build a loyalty system. In addition, the Merchant can have its customers build up a credit that can also be used to pay at the checkout. Of course, this wallet can also be used to limit the transaction costs per user for large amounts of micro payments. In that case, the wallet is topped up by the user and the (micro) payments take place from the wallet.
Various actions can be taken to manage a Wallet. The following actions and their reasons are available:
The possible deployment of the actions is shown below in an action diagram. In the drawing below, the application is a loyalty system where the Merchant pays the increase from its own capital. It is also possible to have the increments of the wallet performed by consumers as a digital wallet. In that case, an iDEAL or Credit Card payment will fill the Wallet.
The drawing below serves as an example of how an implementation can be done and which actions are required. Wallets can be created and filled with credit. Funds can also be withdrawn and, if necessary, returned. The balance is of course always available on request. The following applies to the Wallet at Buckaroo: the cash value of the Wallet is always in the possession of the Merchant and is therefore not on a the Buckaroo account.