Settlement
Reconciliation
Matching gateway, acquirer, and bank records to isolate discrepancies (missing captures, unclear fees, timing gaps); a core finance workflow for scale merchants.
Related terms
Settlement
The transfer of funds from the acquirer to the merchant's bank account, net of fees and reserves.
Clearing
The scheme process reconciling captured transactions between acquirer and issuer, producing the net position that settles between banks.
Payout
The transfer of settled funds from acquirer to merchant bank account, cadence governed by the funding cycle and any reserve holdbacks.
Related guides.
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