Learn more about the daily settlement report below!
Settlement Report Basics
A settlement is when the issuing bank transfers funds from the shopper’s account to the payment processor, who then transfers the money to the acquiring bank. Within the reporting module, the settlement report is used to show the net settlement amount for a payment. The net settlement is the amount of funds that will be transferred to your bank account. You can use the settlement report (specifically the net settlement amount) to reconcile with the funds that have been deposited to your bank account. The amount of time it takes to complete the settlement process will vary based on the issuing bank and the type of transaction. Some authorized transactions may take days, or even weeks, to settle.
**Please note: These transactions can be reversed when the payment is returned as a refund or a chargeback.**
Creating a Report
Reports can be generated either on an ad hoc or daily basis. Follow the links below to learn how to create reports or to enable automatic daily reporting.
Click here to learn how to generate and view ad hoc reports.
Click here to learn about payment settlement times.
Click here to learn how to turn on automatic reporting.
Congratulations, you have learned the basics of the daily settlement report! If you need assistance or have further questions, please refer to our self-service Knowledge Base!