Settings (Remittance) (Merchant Account Mode)

Type:    Form

Description: Arrangement of forms, that include information about remittance processing.

Modes:

Ignore

Merchant

Merchant Account

Items:

Save		Saves all changes on the form.

Close

Closes the form without saving any changes.

Remittance Currency

Includes merchant remittance currency settings.

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Currency Code

Code of currency used for remittance. Default value: USD. References: MerchantRemittanceConfig.remittanceCurrencyCode

Balance

Shows current merchant's balance.

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Total

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

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

Note: This field is read-only and cannot be modified. Shows the amount of money owed for convenience fee. References: MerchantRemittanceConfig.convenienceFeeBalance

Amount Limits

Includes amount limits configuration for the current merchant.

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Min Remittance

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

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

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

Minimum amount of the merchant statement. References: MerchantRemittanceConfig.minMerchantStatementAmount

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Max Statement

Maximum allowed amount of the merchant statement. References: MerchantRemittanceConfig.maxMerchantStatementAmount

Remittance

Includes various remittance settings.

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Hold Enabled

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

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

Includes merchant funds settings.

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Merchant Funding Policy

Represents the type of current (or selected) approach used to withhold fees from a merchant. References: MerchantRemittanceConfig.feeWithdrawalPolicyType

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Deduction

Indicates that withdrawal of fees will be deducted as a part of remittance.

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Withdrawal

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

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.

Responsible for Fees

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

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

Enumeration of possible banking accounts the money for specific line item is taken from. See Remittance source. References: MerchantRemittanceConfig.feesResponsibleCl

Billing begins on

Date when the last physical ACH transaction (deposit) was sent to the merchant. See Statements definition for additional information. References: MerchantRemittanceConfig.lastRemittanceDate

Recurring Fees begin on

The date when recurrent fees for a merchant begin to accrue. References: MerchantRemittanceConfig.recurringFeesBeginDate

Annual Fee Month

Allows to select a month when an annual fee should be collected.

Merchant Statement

Includes various emailing merchant statement settings.

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Export

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

Indicates whether merchant statement archiving process is happening. Copies of statements are archived here: 126. References: MerchantRemittanceConfig.isMerchantStatementArchivingEnabled

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Generation Policy

Enumeration of possible values of statement policy for the merchant account group. References: MerchantRemittanceConfig.statementPolicyType

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Any Balance

Indicates that statement will be generated for both positive and non-positive balance.

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Positive Balance

Indicates that statement will be generated for positive balance only.

Emailing Policy

Enumerates possible values of statement emailing policy for the merchant account group. References: Merchant Account Group.Statement Emailing Policy

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No Action

Indicates that no action will be taken.

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Notification

Indicates that only notification will be sent to the specified email address.

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Statement

Indicates that only statement will be sent to the specified email address.

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Statement and Transaction Details

Indicates that statement and transaction details will be sent to the specified email address.

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Statement and Return Details

Indicates that statement and return details will be sent to the specified email address.

Deposit

Allows you to choose how exactly receive Deposit Statement notifications.

Monthly Statement

Allows you to choose how exactly receive Monthly Statement notifications.

Recipient List

Allows to add additional email addresses for getting merchant statements. By default, statements are sent to the email address indicated in a merchant's contact details.