Settings (Remittance) 
Type: Form
Description: Arrangement of forms, that include information about remittance processing.
Modes:
Items:
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Save
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Saves all changes on the form. |
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Close
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Closes the form without saving any changes. |
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Settings |
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Includes configuration options to set up process of remitting money back to merchant.
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Remitter
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Reference to a merchant that contains settings necessary to execute remittance operations. References: MerchantRemittanceInfo.remitterCode |
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Mode
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Represents the type of transaction for which remittance process is going to be applied.
See Remittance for additional information. References: MerchantRemittanceInfo.remittanceMode |
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Batch Only
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Indicates that remittance will occur for batch transactions only. |
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None
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Default value. Indicates that remittance will not occur. |
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Retail and Batch
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Indicates that remittance will occur for both retail and batch transactions. |
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Retail Only
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Indicates that remittance will occur for retail transactions only. |
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Basis
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Allows to select how remittance will occur. Represents the type of remittance basis that is used for this merchant. Works in conjunction with ACH remittance period, CC remittance period and AmEx remittance period. References: MerchantRemittanceInfo.remittanceBasis |
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Funding Date
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Indicates that remittance of funds occurs pre-defined number of days after funds are received from the processor. |
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Response Date
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Indicates that remittance of funds occurs pre-defined number of days after approval is received from the processor. |
Statement Review |
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Includes settings for activation of statements review options.
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Merchant
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Indicates whether an explicit approval is required before merchant statement is processed. References: MerchantRemittanceInfo.isMerchantStatementReviewEnabled |
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Reseller
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Indicates whether an explicit approval is required before reseller statement is processed. References: MerchantRemittanceInfo.isResellerStatementReviewEnabled |
Period |
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Includes deposit period configuration.
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Deposit
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Deposit period set for transactions. |
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Direct Debit
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Deposit period set for direct debit transactions. |
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CC
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Deposit period set for credit card transactions. |
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Amex
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Deposit period set for Amex transactions. |
Processing |
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Includes information about processing cut-off time.
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Cutoff
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Shows the time of the day that marks the end of the business day.
This time is set according to the server time zone but should be adjusted for merchant/merchant account individually, if needed. For example, if server time zone is set as EST but a particular merchant/merchant account operates according to PST, the cutoff time setting should be set as 3 AM, in case if cutoff processing time should occur at midnight. Any transactions processed before this time are dated as the date-processed, while any transactions processed after this time are dated as being processed the next day. References: MerchantRemittanceInfo.processingCutoff |
Remittance Currency |
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Includes merchant remittance currency settings.
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Currency Code
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Code of currency used for remittance.
Default value: USD. References: MerchantRemittanceConfig.remittanceCurrencyCode |
Balance |
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Shows current merchant's balance.
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Total
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Note: This field is read-only and cannot be modified. Shows the current balance of a merchant/merchant account. If the value is positive, 3rd party processor owes money to the merchant. If the value is negative, merchant owes money to a 3rd party processor. References: MerchantRemittanceConfig.totalBalance |
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Net
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Note: This field is read-only and cannot be modified. Shows the amount of money owed to the merchant excluding reserves. References: MerchantRemittanceConfig.netBalance |
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Convenience Fee
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Note: This field is read-only and cannot be modified. Shows the amount of money owed for convenience fee. References: MerchantRemittanceConfig.convenienceFeeBalance |
Amount Limits |
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Includes amount limits configuration for the current merchant.
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Min Remittance
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Shows the minimum amount of funds that must be reached in order for the remittance process to occur. References: MerchantRemittanceConfig.minimumRemittanceAmount |
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Max Withholding
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Maximum amount of money that can be withheld in favor of reserves within a single remittance. References: MerchantRemittanceConfig.maximumWithholdingAmount |
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Max Reserve Adjustment
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Shows the maximum amount of money that can be withheld for a single remittance to be placed in the reserve adjustments. References: MerchantRemittanceConfig.maxReserveAdjustmentAmount |
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Min Statement
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Minimum amount of the merchant statement. References: MerchantRemittanceConfig.minMerchantStatementAmount |
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Max Statement
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Maximum allowed amount of the merchant statement. References: MerchantRemittanceConfig.maxMerchantStatementAmount |
Remittance |
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Includes various remittance settings.
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Hold Enabled
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Indicates whether remittance process is enabled. When set to true, the balance of all of the newly generated remittance statements is not sent to the merchant, but transferred under the merchant's balance. References: MerchantRemittanceConfig.isRemittanceHoldEnabled |
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Ignore Source
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Controls whether remittance source is ignored or not. If enabled, a single bank account will be used for all types of remittances and they will not be split based on the remittance source. See Remittance Source definition for additional information. References: MerchantRemittanceConfig.isRemittanceSourceIgnored |
Funding |
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Includes merchant funds settings.
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Merchant Funding Policy
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Represents the type of current (or selected) approach used to withhold fees from a merchant. References: MerchantRemittanceConfig.feeWithdrawalPolicyType |
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Deduction
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Indicates that withdrawal of fees will be deducted as a part of remittance. |
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Withdrawal
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Indicates that withdrawal of fees will be deducted either from the same deposit account or from a separate bank account that was designated by the merchant for withholding of the fees. |
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Deduction Conditional
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Automatically switches on if initially merchant funding policy type was withdrawal, and while trying to withdraw fees from merchant account, returns was received for the second time. Such case leads to hold of the account. It can be cancelled by user by unchecking Hold Enabled checkbox on UI. |
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Responsible for Fees
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Enumeration of possible banking accounts the money for specific line item is taken from. See Remittance source. References: MerchantRemittanceConfig.feesResponsibleCl |
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Merchant
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Enumeration of possible banking accounts the money for specific line item is taken from. See Remittance source. References: MerchantRemittanceConfig.feesResponsibleCl |
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Reseller
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Enumeration of possible banking accounts the money for specific line item is taken from. See Remittance source. References: MerchantRemittanceConfig.feesResponsibleCl |
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Billing begins on
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Date when the last physical ACH transaction (deposit) was sent to the merchant. See Statements definition for additional information. References: MerchantRemittanceConfig.lastRemittanceDate |
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Recurring Fees begin on
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The date when recurrent fees for a merchant begin to accrue. References: MerchantRemittanceConfig.recurringFeesBeginDate |
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Annual Fee Month
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Allows to select a month when an annual fee should be collected. |
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Merchant Statement |
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Includes various emailing merchant statement settings.
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Export
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Indicates whether the content of the Merchant Statements List report is exported to the merchant’s FTP via the data export mechanism. References: MerchantRemittanceConfig.isMerchantStatementExportEnabled |
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Archive
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Indicates whether merchant statement archiving process is happening. Copies of statements are archived here: 126. References: MerchantRemittanceConfig.isMerchantStatementArchivingEnabled |
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Statement View Policy
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Allows to select what information is included in the merchant statement. |
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Activity Summary
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Indicates whether the Activity Summary information is included in the merchant statement. |
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Rejects Summary
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Indicates whether information on received Rejects is included in the merchant statement. |
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Returns/Chargebacks Summary
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Indicates whether information on Returns/Chargebacks Summary is included in the merchant statement. |
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Fees
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Indicates whether information on Flat is included in the merchant statement. |
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Splits Summary
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Indicates whether the Split Summary information is included in the merchant statement. |
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Reserves Summary
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Indicates whether information on Reserves Summary is included in the merchant statement. |
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Adjustments Summary
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Indicates whether information on Adjustments Summary is included in the merchant statement |
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Statement Summary
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Indicates whether the Statement Summary information is included in the merchant statement. |
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Submissions Details
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Indicates whether the Submissions Details information is included in the merchant statement. |
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Split Details
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Indicates whether information on Split Details transactions is included in the merchant statement. |
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Transaction Details
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Indicates whether the Transaction Details information is included in the merchant statement. |
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Generation Policy
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Enumeration of possible values of statement policy for the merchant account group. References: MerchantRemittanceConfig.statementPolicyType |
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Any Balance
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Indicates that statement will be generated for both positive and non-positive balance. |
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Positive Balance
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Indicates that statement will be generated for positive balance only. |
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Emailing Policy
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Enumerates possible values of statement emailing policy for the merchant account group. References: Merchant Account Group.Statement Emailing Policy |
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