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Posts: 15
Registered: ‎01-29-2014
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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

 


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Accepted by RichardH (Administrator)
‎08-21-2015 01:58 AM
Posts: 2,765
Topics: 57
Kudos: 247
Blog Posts: 67
Registered: ‎12-05-2011

Re: Batch settlement and limits

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

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Highlighted
Contributor
Posts: 15
Registered: ‎01-29-2014

Re: Batch settlement and limits

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

Highlighted
Solution
Accepted by RichardH (Administrator)
‎08-21-2015 01:58 AM
Posts: 2,765
Topics: 57
Kudos: 247
Blog Posts: 67
Registered: ‎12-05-2011

Re: Batch settlement and limits

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

Highlighted
Contributor
Posts: 15
Registered: ‎01-29-2014

Re: Batch settlement and limits

Thanks!