Reply
Highlighted
Member
Posts: 2
Registered: ‎01-06-2020

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?
Highlighted
Moderator
Posts: 102
Registered: ‎06-26-2018

Re: Successful credit card settlement report meaning

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

 

Highlighted
Member
Posts: 2
Registered: ‎01-06-2020

Re: Successful credit card settlement report meaning

So does this mean the money was sent to my bank account?
Highlighted
Moderator
Posts: 102
Registered: ‎06-26-2018

Re: Successful credit card settlement report meaning

Hi SPLASHXSPLASH

 

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

 

Regards, 

Elaine