TUMR DOCS
Escrow Ledger & Financial Settlements
How double-entry accounting ensures ledger consistency and reliable settlements.
Tumr records every wallet movement in an append-only ledger, so escrow holds and settlements can always be reconciled.
The Escrow Lifecycle
- Reservation Phase: When an order is dispatched, the fare is held against the funding wallet:
- ```
- Wallet Available Balance -= Order Fare (e.g. ₦2,500.00)
- Wallet Escrow Balance += Order Fare (e.g. ₦2,500.00)
- ```
- Settlement Phase (Delivery Verification): Once delivery is confirmed, the escrow is released and the platform commission captured on the rate card at quote time is deducted:
- ```
- Wallet Escrow Balance -= ₦2,500.00
- Rider/Carrier Wallet += Net Fare (fare minus platform commission)
- Platform Wallet += Platform Commission
- ```
- The commission percentage is the one snapshotted on the rate card when the fare was quoted — check your market's rate card for the current figure.
- Return / Failure Phase: If the delivery cannot be completed, the shipment moves through the exception → return-to-sender flow. On return confirmation the courier receives a partial payout and the remainder of the hold is refunded to the funding wallet's available balance:
- ```
- Wallet Escrow Balance -= ₦2,500.00
- Courier Wallet += Partial RTS payout
- Funding Wallet Available += Remainder (merchant refund)
- ```