Mondu requires detailed invoice data for two primary purposes:
- For your payout: Mondu needs the invoice information to process accurate payouts to you as the merchant. The invoice details help Mondu verify the transaction amounts and ensure you receive the correct payments.
- For calculating buyer payment terms: The invoice data is essential for Mondu to determine and manage the payment terms for your buyers. This includes tracking due dates and calculating any applicable fees based on the selected payment terms.
Additionally, the invoice data helps Mondu with:
- Verifying the authenticity of transactions
- Maintaining accurate records for compliance purposes
- Managing the collection process from buyers