v3.20.1

PAYMENT PROCESSING LIABILITIES, NET

12 Months Ended

Dec. 31, 2019

Other Liabilities and Financial Instruments Subject to Mandatory Redemption [Abstract]

Other Liabilities Disclosure [Text Block]

7. PAYMENT PROCESSING LIABILITIES, NET

Payment processing liabilities consisted of the following:

		December 31, 2019				December 31, 2018
Settlement liabilities to merchants		$	14,014,177			$	786,425
Settlement liabilities to ISOs			-				107,342
Total processing liabilities			14,014,177				893,767
Refund allowances			-				(28,681	)
Total payment processing liabilities		$	14,014,177			$	865,086

The Refund Allowance shown in the table above reflects our estimate of potential refunds that may be realized in 2019, which are connected to sales transactions that occurred in 2018. The allowance decreases the amount that GreenBox owes to Merchants using our proprietary ecosystem. In 2019, the actual dollar amount of refunds with be reconciled with our allowance.

X

- References

No definition available.

+ Details

Name:	us-gaap_OtherLiabilitiesAndSharesSubjectToMandatoryRedemptionAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for other liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.20,24)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

+ Details

Name:	us-gaap_OtherLiabilitiesDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration