Glossary

We've put together a glossary to help familiarize you with specialized terminology. If you have a suggestion for a term to include, submit it through our feedback form.

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C

Client Transaction Components [CTC]
It is the financial transaction between the partner and a client whithin their business scope. ie: a client transaction component between Uber (Partner) and Driver (Client) would be the revenue out of each ride.
Client Transactions [CT]
It is multiple of client transaction componenets [CTC] grouped by the same due date.
Client
Client is an individual who is benefiting from Dayra's services. Usually the client gets access to those services through the partner application. A client could be a truck driver working with a trucking marketplace, or a driver who is working with a ridehailing company.

F

Factoring
Client can access their earned income with their partner in advance to its due date by requesting the amount (minus interest fee) from Dayra. And Dayra can then collect the amount from the Partner on the its due date.

P

Partner
A company that signs a contractual agreement with Dayra to provide different financial service to their gig workers. The Partner is also responsible for the API integrartion with Dayra to gain access to the financial services provided by Dayra.

S

Salary Advance
Employees receiving a portion of their pay before their next scheduled payday.

U

User
User is a client who is accessing the financial services through Dayra's own application.

V

Virtual Account [VA]
Every client has a universal account with Dayra that he can use to do all his financial transactions with his partner.