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OTHER CONSOLIDATED BALANCE SHEET COMPONENTS (CURRENT) (Tables)
 3 Months Ended
Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Other Current Assets
The following table presents the detail of other current assets (in thousands):
  March 31, 2024December 31, 2023
Restricted cash (i)
$660,153 $770,380 
Processing costs receivable397,012 365,153 
Loans held for investment, net of allowance for loan losses (ii)
246,355 247,631 
Accounts receivable, net148,090 134,824 
Prepaid expenses125,767 100,770 
Inventory, net119,413 110,097 
Short term deposits (iii)
41,451 397,630 
Other224,624 227,003 
Total$1,962,865 $2,353,488 

(i) Includes a portion invested in money market funds. Refer to Note 5, Fair Value Measurements for further details.

(ii) Refer to Note 7, Customer Loans for further details.

(iii) As of December 31, 2023, includes a $350.0 million deposit held by a processor to meet requirements related to processing volumes under an arrangement that was executed in the fourth quarter of 2023. During the first quarter of 2024, this $350.0 million deposit was returned to the Company.
Accrued Expenses and Other Current Liabilities
The following table presents the detail of accrued expenses and other current liabilities (in thousands):    
  March 31, 2024December 31, 2023
Accrued expenses$480,672 $538,812 
Customer deposits185,677 167,028 
Accounts payable91,426 142,554 
Accrued royalties62,306 62,140 
Accrued transaction losses (i)
60,016 54,042 
Operating lease liabilities, current53,188 53,721 
Other342,036 316,372 
Total$1,275,321 $1,334,669 

(i) The Company is exposed to potential credit losses related to transactions processed by sellers that are subsequently subject to chargebacks when the Company is unable to collect from the sellers primarily due to insolvency. Generally, the Company estimates the potential loss rates based on historical experience that is continuously adjusted for new information and incorporates, where applicable, reasonable and supportable forecasts about future expectations.
Reserve for Transaction Losses
The following table summarizes the activities of the Company’s reserve for transaction losses (in thousands):
Three Months Ended
March 31,
20242023
Accrued transaction losses, beginning of the period$54,042 $64,539 
Provision for transaction losses30,819 24,942 
Charge-offs to accrued transaction losses(24,845)(27,396)
Accrued transaction losses, end of the period$60,016 $62,085