v3.24.3
CUSTOMER FUNDS (Tables)
 9 Months Ended
Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract]  
Assets Underlying Customer Funds
The following table presents the assets underlying customer funds (in thousands):
  September 30, 2024December 31, 2023
Cash$3,028,494 $2,137,634 
Cash equivalents:
Money market funds4,645 4,042 
Reverse repurchase agreement (i)
900,646 1,028,754 
Total customer funds$3,933,785 $3,170,430 

(i) The Company has accounted for the reverse repurchase agreement with various third parties as an overnight lending arrangement, collateralized by the securities subject to the repurchase agreement. The Company classifies the amounts due from the counterparties as cash equivalents due to their short-term nature.