How to create and settle batches
In this chapter, we will discuss the payment server’s batch and settlement features, mainly, Current Batch, End of day, and Batches. These features are there for merchants with terminal-based payment processors. Terminal-based processors require merchants to store the authorized transactions on the terminal until the merchant captures and submits them for settlement. Remember that if you have payment options that are host-based, you will not see these features for those payment types. Contact our Support team to define if your payments are host-based.
A batch is a collection of transactions. Usually a merchant has one batch per day or per shift. Batch has two types: open batch and closed batch. An open batch, or current batch, is a batch that has not yet been settled. On the contrary, a closed batch is a batch that has already been settled. To submit/settle the transactions in the current batch, the End of Day function comes into place. These doesn’t apply to host-based solutions. If you are using a host-based solution get in touch with our Support team.