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Credit Balance

Written by B3Networks Academy

Updated at June 5th, 2023

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Table of Contents

Payment Mode How to check Credit balance? VERSION 1 VERSION 2

Payment Mode

Prepaid

  • Usable credit: the amount that you can spend on, i.e. credit transfer/ issue, usage and subscription renewal. 
    • Usable credit = Balance - Reserved credit - Liability + Credit limit
  • Balance: the amount stored in this wallet.
  • Reserved credit is caused by an ongoing transaction. If the transaction is successful, Reserved credit is deducted; otherwise, it is returned to the Usable credit.
  • Credit limit: the maximum amount of money the service provider lets you borrow. 
 
 

Postpaid

  • Current Balance: the amount stored in this wallet. 
    • Current Balance = - (unbilled amount + amount due)
  • Expecting invoice = Unbilled amount: the usage amount for the current bill period.
  • Amount due: the sum of all costs that the account has been invoiced for, minus any payments that have been applied to those costs.
  • Credit limit: the maximum amount of money that you let the account borrow.
  • Reserved credit is caused by an ongoing transaction. If the transaction is successful, Reserved credit is consumed; otherwise, it is released. 
 
 

How to check Credit balance?

To check your credit balance, follow the steps below:

VERSION 1

  1. At the Homepage, select the Payment tab
  2. Check Credit balance

VERSION 2

  1. Click on the Profile icon
  2. Go to Manage Organization
  3. Select the Payment tab
  4. Check the Credit balance

 

money owed financial credit

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