Auto Settlement Service

Purpose:

The Auto Settlement Service allows configured hourly auto settlement execution (for each hour of the day).  When you activate auto settle, your terminal has a set time to dial out to the Host for settlement. Auto settlement capabilities can be disabled. 

Common usage:

Settlement occurs when the merchant sends all of its card transactions to the servicer to receive payment.

Email Notifications:

Email notification is sent at the start of the auto settlement process.

Email notification is sent for successful auto settlement processes.

Email notification is sent for failed auto settlement processes.

Email notification is sent at the end of the auto settlement process. 

Merchant Profile Request XML:
<AutoSettlement>
<Active>true</Active>
<ApplicationProfileId>2056</ApplicationProfileId>
<NotificationEmail>sendemail@abc.com</NotificationEmail>
<SettlementHour>12</SettlementHour>
</AutoSettlement>

Response XML:
<AutoSettlement>
<Active>true</Active>
<ApplicationProfileId>2056</ApplicationProfileId>
<NotificationEmail>sendemail@abc.com</NotificationEmail>
<SettlementHour>12</SettlementHour>
</AutoSettlement>

 

 

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