How to reconcile your event based settlement report?
Event based settlement logic allows for accurate reporting & easier payout reconciliation
With our event‑based settlement logic, your Daily Settlement Reports provides more accurate and reliable payout details. This enhancement works entirely behind the scenes to improve the precision of your reporting—without changing the layout, navigation, or workflow within your Payments Portal.
Accessing Your Daily Settlement Report
You can download your Daily Settlement Report directly from the Reporting tab in your Payments Portal. You may also receive the report via your daily email notifications, if your email address is enrolled in Payment Settlement Report notifications.
Understanding Your Settlement Amount
Your settlement amount reflects all payment events that “settled” during the period, which may include:
- Transactions
- Refunds
- Chargebacks or dispute adjustments
These events may create both positive and negative entries within your report.
Helpful tips to reconile the amount paid out to your bank:
- Review all positive and negative amounts listed in the report.
- Subtract the total of negative events (such as refunds or chargebacks) from the total positive transaction amounts.
- The final net amount represents your payout for that settlement period.
💡Please note- if you are ingesting the AndDone Settlement Report, the event based enhancement will introduce a new naming convention:
Previous: report_payment_settlement_yyyy_mm_dd
Updated Event based: report_payment_settlment_yyyy_mm_dd_hh_mm_ss
This streamlined event‑based settlement model ensures your settlement details are transparent, accurate, and easy to reconcile.
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