CPC G06Q 20/204 (2013.01) [G06Q 20/027 (2013.01); G06Q 20/0855 (2013.01)] | 20 Claims |
1. A computer-implemented method comprising:
registering, by a payment server, a payment account which is multi-configurable with the payment server for a third-party credit provider configuration;
receiving, by the payment server, a payment request associated with the payment account from a payment gateway when details of the payment account are provided at a first merchant application;
providing, by the payment server, a list of names of configuration details corresponding to the payment account to a user associated with the payment account along with a pay-later option associated with the first merchant application;
retrieving, by the payment server, configuration details corresponding to a selected pay-later option from a routing service of the payment server;
identifying, by the payment server, the first merchant application as a credit provider for a payment transaction; and
sending, by the payment server, a request to the first merchant application to complete a payment transaction for the payment request using a credit amount provided by the first merchant application when the first merchant application is identified as a third-party credit provider for the payment request:
to create a transaction ledger for every payment transaction of the user with the first merchant application; and
to deduct the credit amount from an issuer associated with the payment account.
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