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This would have to be done, I think (at least at this point), with the use of smart contracts.
So every item available for sale at that coffee shop would have an assigned general ledger account.
My platform would act as the “go-between” of the payment networks and the merchant’s accounting software.
The first industry vertical I’m thinking of tackling would be retail (seems the easiest), but if I find success there I could branch out to other verticals.
The ultimate aim is to have the vast majority if not all of accounting transactions to be recorded in an automated fashion.
Agree with D1… a lot of this exists in the market today and is integrated into both the merchant and their acquirer.
From a product perspective I think your value business case would need to be strong to add another layer of integration/ costs.
Isn’t this what clover, square and heartland already offer?
Don’t forget Tyl, Buckaroo, Nexii, and the other bank-licensed solutions.
Not sure if you should think about it from integrating with the schemes. Perhaps think about integrating with a gateway ( or payfac or POS) think stripe, and using their payment statuses API . This may work better as most merchants are not integrated with the schemes directly - they typically use a combination of gateway+acquirer or full stack payment provider.
If the payment request has itemised order - using that to pull information on cost of goods? I believe stripe has an API for cost of transactions etc