Statements

PayCredit computates credit card statement data on a credit cards monthly statement date.

To retrieve a credit cards statement data you can call the below API's.

• Get statement by ID: returns statement data when the id of a specific statement is passed.
• Get statements: returns a list of statements with account id and statement date filter.

You can then use the data returned to issue the credit card statement to your customer. This data includes key information such as:

• Balance close: the full amount that the customer owes for that statement.
• Minimum repayment amount: the amount the customer needs to repay to comply with the credit card agreement.
• Repayment due date: the date by which the minimum is due and the date where if the customer repays the full statement amount then interest may not be charged on eligible debt.

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After a statement is computated, the repayment status is tracked.

Statement processing

PayCredit maintains the credit ledger for each account calculating interest, fees and generating statament data. On an account's statement day, you can call API's to retrieve statement data. Statement data includes statement balance, minimum repayment amount and repayment due date:

• Get statements: Returns statement(s) within a date range for a specific credit card account by passing the ac_id (account_id).
• Get statement by ID: Returns statement data when the id of a specific statement is passed.
• Get transactions: Returns a full list of transactions when the ac_id (account_id) is passed.