Glossary

Define the terms you will encounter under KOMOJU Platform Model

This glossary contains the specialized terms used in KOMOJU Platform Model so that we'll have the same common language throughout the entire service.

NoTermDescription
1Platform ModelThe name of this product/service.
2Platform Use CaseA use case supported in Platform Model that serves Platform Businesses. Key settings are:
1. Seller accepts payments from customers via KOMOJU’s payment methods
2. Platform relies on KOMOJU to payout to its sellers.
3Marketplace Use CaseAnother use case supported in Platform Model that serves Marketplace Businesses. Key settings are:
1. Marketplace accepts payments from customers via KOMOJU’s payment methods
2. Marketplace relies on KOMOJU to payout to its sellers.
4Platform Merchant (Platform Business)A merchant account type for a Platform Business to opt in Platform Use Case.
5Platform Merchant (Marketplace Business)A merchant account type for a Marketplace Business to opt in Marketplace Use Case.
6Seller MerchantA sub-merchant account type under Platform Merchant (Platform Business) account in Platform Use Case. It can accept payments from customers directly and receive payouts from KOMOJU.
7Payout MerchantA sub-merchant account type under Platform Merchant (Marketplace Business) in Marketplace Use Case. It can only receive payouts from KOMOJU.
8Seller Processing ModelA payment-processing model to deal with payments between Platform Merchant (Platform Business) and Seller Merchant.
9Platform Processing ModelA payment-processing model to deal with payments between Platform Merchant (Marketplace Business) and Payout Merchant.
10Common Payment MethodsA payment method setup of Platform Merchant (Platform Business), which contains available payment method options and default processing fee rates of its Seller Merchants.
11Owned Payment MethodsA payment method setup of 1) Platform Merchant (Marketplace Business) and 2) Seller Merchant, which contains the supported payment methods for customers to checkout and the processing fee rate KOMOJU ultimately charges.
12Payment Processing FeeKOMOJU charges Payment Processing Fee for each captured payment.
13Sub-merchant Management FeeKOMOJU charges the Sub-merchant Management Fee from Platform Merchant every month according to the number of active sub-merchants it has in the previous month.

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