topic Re: Successful credit card settlement report meaning in Integration and Testing

Successful credit card settlement report meaning

SPLASHXSPLASH — Mon, 06 Jan 2020 15:14:19 GMT

Hi! I was sent two emails yesterday (they were automated) stating this;
The following is your Credit Card settlement report for Sunday, January
05, 2020.

Transaction Volume Statistics for Settlement Batch dated 5-Jan-2020
7:44:56 PST:
Batch ID: 768778511
Business Day: 04-Jan-2020
Net Batch Total: 724.99 (USD)
Number of Charge Transactions: 4
Amount of Charge Transactions: 724.99
Number of Refund Transactions: 0
Amount of Refund Transactions: 0.00

WHAT DOES THIS MEAN?

Re: Successful credit card settlement report meaning

ElaineM — Mon, 06 Jan 2020 17:37:53 GMT

Hi ,

These definitions can be found in the Authorize.Net Support Center here.

Settlement Time: The date the batch settled.
Merchant: Your business name.
Batch Total: this is the total amount of your transactions for this settlement period (total number of transactions).
Debits: this is the total amount of money that you have charged your customers (total number of transactions).
Credits: this is the total amount of money you are crediting back to your customers (total amount of transactions).

Regards,

Elaine

Re: Successful credit card settlement report meaning

SPLASHXSPLASH — Mon, 06 Jan 2020 17:50:25 GMT

So does this mean the money was sent to my bank account?

Re: Successful credit card settlement report meaning

ElaineM — Mon, 06 Jan 2020 18:26:27 GMT

Hi SPLASHXSPLASH,

You will need to contact your Merchant Service Provider (MSP) to inquire about funding to your bank account.

Regards,

Elaine