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Integration Modes Overview

This section introduces the three integration modes available in Interlace — Merchant of Record (MoR), Gateway, and Distributor. Each mode defines how clients connect to Interlace's API, manage funds, and operate their downstream customers. Choosing the right model depends on your regulatory status, business needs, and operational scope.

1. MoR Mode (Merchant of Record)

Definition

MoR (Merchant of Record) refers to a licensed business entity that manages its own clients and funds. Under this mode, all cards are issued under a single master account, and all funds are managed and settled through that account.


Account Structure

Below is a diagram illustrating the account structure:

Core Characteristics

  • The Master Merchant is the top-level account in this mode.
  • All cards and wallets are linked to the master merchant. The master merchant can then assign these cards to different customers or individuals, who use the cards as their own.
  • The master merchant may create sub-wallets under its master wallet to separate funds for different end-customers.
  • There are no sub-merchants in this mode. All end customers are managed internally by the master merchant.

Terminology

  • Master Merchant Infinity Account: The Infinity Account of the master merchant.
  • Master Merchant Wallet: The CryptoConnect Master Wallet of the master merchant.
  • Master Merchant Sub-wallet: The CryptoConnect Sub-wallet of the master merchant.

Use Case

Licensed financial institutions or fintech platforms that:

  • Manage their own users' deposits.
  • Issue and control cards directly.
  • Require full control of compliance and settlement.

Registration URL: https://www.interlace.money/sign-up

2. Gateway Mode

Definition

Gateway mode is designed for clients who are unlicensed or prefer not to manage end-user funds. It enables them to provide card or banking services to their downstream users (sub-merchants) via Interlace's API. Interlace serves as the licensed issuer, while the master merchant provides a user-facing portal or platform. Each downstream customer is assigned a dedicated sub-account with an independent balance and card issuance capability.


Account Structure

Below is a diagram illustrating the account structure:


Core Characteristics

  • The Master Merchant is the main client integrating with Interlace.
  • The Sub-Merchant is a downstream business or individual user onboarded by the master merchant.
  • Account Independence:
    • Each sub-merchant has its own CryptoConnect Wallet and Infinity Account.
    • The master merchant's accounts (wallet and Infinity Account) do not interact with the sub-merchants' accounts, except in cases where transaction fees are collected.
  • Security and Fund Segregation:
    • Sub-merchants' funds are completely independent to ensure security and protect client assets. There is no direct interaction between sub-merchants' accounts.

Terminology

  • Master Merchant Wallet: The CryptoConnect Master Wallet of the master merchant.
  • Master Merchant Sub-wallet: The CryptoConnect Sub-wallet of the master merchant.
  • Master Merchant Infinity Account: The Infinity Account of the master merchant.
  • Sub-Merchant Wallet: The CryptoConnect Wallet of a sub-merchant.
  • Sub-Merchant Sub-wallet: The CryptoConnect Sub-wallet of a sub-merchant.
  • Sub-Merchant Infinity Account: The Infinity Account of a sub-merchant.

Use Case

Payment gateways or SaaS platforms that:

  • Serve multiple downstream businesses or end-users.
  • Prefer Interlace to hold user funds.

Registration URL: https://distributor.interlace.money

3. Distributor Mode

Definition

Distributor mode enables partners or aggregators to distribute Interlace's API capabilities to their downstream clients (Master Merchants). The distributor facilitates integration, credential management, and support for all its downstream master merchants.


Account Structure

Below is a diagram illustrating the account structure:


Core Characteristics

  • The Distributor itself does not issue cards or hold accounts.
  • Each Master Merchant operates its own Infinity Account and Wallet.
  • The Distributor manages credentials, Master Merchants onboarding, and reporting.

Use Case

API distributors, solution integrators, or channel partners who:

  • Manage multiple master merchants.
  • Provide white-label or localized versions of Interlace's card services.

Registration URL: https://distributor.interlace.money

Updated 1 day ago