What is Flywire’s Payment Plan ‘Core Logic’?
When we refer to ‘core logic’ we are referring to the rules and overall behavior of our payment plans. Core logic determines everything from what happens when a payment plan is created, to when payments are missed, to how it defaults, all the way to when a payment plan has been paid off/completed.
To watch a short video on Payment Plan logic, visit our Training Center!
Core Logic - Configurations
| Configuration | Description | Example |
| Minimum Balance for Payment Plan | Minimum plan balance allowed for a payment plan (excludes staff override) | $50.01 |
| Minimum Amount per Installment | Minimum payment amount allowed per installment (excludes staff override) | $25.00 |
| Maximum Installments | Maximum # of installments to offer to guarantors | 36 months |
| Maximum Installments via Staff Override | Maximum # of installments allowed for staff with override permission | 60 months |
| Plan Status Grace Period | # of days before marking payment as “missed” | 3 days |
| Consecutive Missed Payments Before Default | Number of installments a guarantor can miss in a row before defaulting | 2 months |
| Default Grace Period | # of days to wait after the plan is eligible for default before officially defaulting | 5 days |
| Offline Activation Threshold | The payment amount above our recommendation that will still trigger an offline activation (more details later) | $5.00 |
