I was hoping someone could provide specifics on the settlement process for eCheck transactions through CIM. I am only operating in the sandbox at the moment so I am unable to test this myself. Can someone verify this process for me please?
Here's where I'm confused on the process. I understand that eChecks can take several days to clear and for funds to be appropriately transferred, but what actually gets displayed on the Settlement Notification and when does the eCheck transaction appear on it?
Would someone be able to clear this up for me please?
Would depend on the bank. Pretty sure the transaction doesn't go to the bank until batch processed, but after that the bank could show it as pending immediately, or not show it until it gets okayed, or whatever it feels like doing during the 2-3 days it takes to process through. You won't necessarily get the money until 7 days later, though.
Q. How does eCheck.Net work?