Settlement Report Guide

Settlement

The settlement module displays an overview of the merchant’s due settlement. It shows total transaction in a period, the deducted fees and total settlement due to the merchant and the bank account the funds are remitted to.  The merchant also has the option to view a detail report, which details each payment that makes up the settlement and can be used to reconcile the payments to the settlement.

The summary view and the detailed settlement report can both be exported for further analysis offline.

Settlement Amount: Total amount due for settlement within a period

Transactions Amount: Total payments amount that make up the settlement amount. Note that settlement is at T + 1, and this will exclude payments processed on the report date.

Fees: Total fees due to Interswitch from the transactions amount.

Successfully Processed Refunds: Total amount of initiated refunds to customers

Remitted Amount: Total amount paid into the designated bank account in a specified period. This is less any refunds in the period

Bank Accounts: The designated settlement bank account(s) by the merchant.

All the reports can be exported for further offline analysis. Reports can also be filtered to drill down to a specific account or a particular date/date range.