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Batch settlement and limits

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
Contributor
1 ACCEPTED SOLUTION

Accepted Solutions

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

View solution in original post

RichardH
Administrator Administrator
Administrator
3 REPLIES 3

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

phpdev
Contributor

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

RichardH
Administrator Administrator
Administrator

Thanks!