Batch settlement and limits

[phpdev]

Hi,

I assume that when i create transactions, the approved ones are kept for settlement later in a batch. The batches would be separate for Credit Card and eCheck type.

My query is - what are the limits for total amount and total number of transactions in a batch?

Also, is the default settlement time 3PM PST?

Thanks,

Php Dev

[phpdev]

Please inform about the limits for both the test and live environments.

[RichardH · Accepted solution]

Hello phpdev,

In both the sandbox and production, there is no limit on the number of transactions.  

Settlement occurs once each day after the transaction cutt-off time.  The default is 3PM PST and is configurable within the merchant interface.

Authorize.Net handles the batch settlement process for you automatically.

If you need more details, I would recommend watching the "Payment Fundamentals for Developers Video Training Module' at http://developer.authorize.net/training which covers this and other topics in more detail.

Richard

[phpdev]

Thanks!