System Design · Stripe · Medium
What Is a Merchant Ledger? A merchant ledger serves as the authoritative system of record for all funds that have been received or disbursed by a merchant on a payments platform—covering transactions like charges, fees, refunds, payouts, and adjustments—as determined by trusted upstream payment and platform services. It does not actually move money through banking rails; instead, it provides a strongly consistent chronicle of financial activity, enabling the question "what…
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