This API is for creating and managing billing accounts and is currently available exclusively for UK-based merchants. A billing account serves as a record of transactions and payments for a collection of orders. It helps track and manage the payments a customer owes for the services or products they have received. Billing accounts can be linked to specific businesses and are used to generate grouped payment statements.

To request access to the billing account service, please contact our team at support@two.inc.

The API enables you to:

• Create billing accounts for businesses, allowing them to receive grouped payment statements.
• Define the schedule for sending out grouped payment statements from the billing account.
• Specify the primary and secondary email recipients who will receive the grouped payment statement emails.

Below is a typical flow of how the API endpoints are used to create a new billing account.

Step 1: Create Billing Account

Use POST /billing/v1/account to create a new billing account for a given company by passing their legal name and number and defining the billing account configuration for the payment terms, schedule and any delay days. The request response will return a global id which represents the billing_account_id.

Step 2: Attach Order To Billing Account

When building the request body for creating an order POST /order you can specify the billing_account_id when creating an order. This will then attach the order to the specified billing account.

Key Details and Interactions for Billing Account Setup**

Schedule

• The schedule you set determines how often the recipients on the billing account receive their grouped statements from Two. When setting the schedule, ensure it aligns with the payment terms so that recipients receive their statements within a time frame that makes sense relative to the due date. Avoid setting a schedule that is too frequent for long payment terms or too delayed for short order terms.

Due in Days

• The due in days setting specifies the payment terms for all orders assigned to the billing account. The total repayment period is calculated based on the schedule and the "due in days" you set. For example, if you choose a schedule of DAILY and set due_in_days to 14, your buyer will have 14 days to pay their order from the time they receive their statement, which in this setup, starts the next day. A common configuration we support is "End of Month plus 30 days." To achieve this, set the schedule to MONTHLY and the due_in_days to 30. This setup will allow billing account recipients to receive their grouped statement at the end of the month, with payment terms starting from that date. As a rule, the payment term begins when the billing account recipients receive their statement.

Generation Delay Days

• The primary purpose of setting delay days is to allow you, as the merchant, to process any final refunds or changes for orders on a billing account before recipients receive their statements. Note that the generation delay window does not include newly fulfilled orders in the same billing cycle. Any orders created within the generation delay window will roll over to the next billing cycle. By default, billing accounts are created with a 4-day generation delay, but you can adjust this during the setup process if you need a shorter or longer window.

Account Name

• For a given company, you can create multiple billing accounts to accommodate different areas, departments, or branches. To ensure these accounts are easily distinguishable, we recommend assigning descriptive account names to differentiate them.

Testing

https://api.sandbox.two.inc

Note: Read about our sandbox environment specific behaviour.

Production

https://api.two.inc