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Successful credit card settlement report meaning

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?
SPLASHXSPLASH
Member
3 REPLIES 3

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

 

ElaineM
Moderator Moderator
Moderator

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

Hi SPLASHXSPLASH

 

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

 

Regards, 

Elaine