I just read this topic about the Magento payment flow. It handles about the role of Payment Methods and invoices in Magento. I am curious now though what the exact role of Transactions are within Magento. There does not seem to exist a tutorial or information about this on the internet I can find.
As far as I understand it, they can be open or closed and can have children (also transactions). I assume open transactions are not completed/paid yet and closed transactions are? Also my company bought a payment extension which does not make use of transactions. Is this acceptable or this is a missing functionality of the extension?
Questions I have:
Thanks in advance.
Transaction are meant for reoccurring billing profiles and they don't have a general role in your flow and are only important if you need to implement partial payments or reoccurring payments
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