I'm looking at this diagram: http://www.authorize.net/resources/howitworksdiagram/
When Authorize stores the transaction results, does Authorize then upload a batch to the processor at the end of the day for settlement?
Or is it that since an authorization and capture has already been sent to the processor, the processor automatically starts the settlement process since it collects each Capture request and makes its own batch?
01-12-2014 09:51 AM
Transactions are settled once a day. You can change the time at the merchant account settings.
01-12-2014 01:16 PM