Lithic's commercial charge card product allows you to configure the terms of the card by business client. This gives customers the flexibility to set custom billing and payment period for each of their business clients, all within the same program.

With Lithic, you can customize the following configurations for each enrolled business:

Billing Period: number of days between statements
Payment Period: when payment for a statement is due
Credit Limit: maximum amount that a business can borrow for spend across all their employees' cards
External Bank Account: the external bank account that Lithic will auto-collect from when payment is due

Credit Configuration Schema


{
  "collections_configuration": {
    "billing_period": Integer,
    "external_bank_account_token": String,
    "payment_period": Integer,
    
  },
  "credit_limit": Integer,
  "token": String,
}


billing_period	Number of days between billing statements
external_bank_account	External bank account that Lithic will collect repayment from
payment_period	Number of days after the billing period ends that repayment will be due
credit_limit	Maximum credit extended to the account holder for spend
token	Globally unique identifier for the credit configuration

API Endpoints

Lithic supports the following endpoint to retrieve and post data to Credit Configurations:

GET Credit Configurations: retrieve the credit configurations a given account_token
PATCH Credit Configurations: update the credit configurations for a given account_token
GET Credit Details: retrieve information on the total amount of credit your program is allowed to extend and how much credit has already been extended by your program