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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?
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?
โ01-06-2020 07:14 AM
3 REPLIES 3
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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
โ01-06-2020 09:37 AM
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So does this mean the money was sent to my bank account?
โ01-06-2020 09:50 AM
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Hi SPLASHXSPLASH,
You will need to contact your Merchant Service Provider (MSP) to inquire about funding to your bank account.
Regards,
Elaine
โ01-06-2020 10:26 AM