Payments & Settlement

Batch

A group of captured transactions submitted together for settlement, typically once per day. Closing batches consistently ensures sales fund on schedule and keeps your records aligned with your deposits.

A missed or delayed batch delays funding. Most modern setups batch automatically, but knowing your cutoff time helps you predict when funds arrive.

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Related terms

Payments & Settlement

Settlement

The process of moving funds from captured transactions through the networks to the merchant's account, usually in daily batches. Settlement is when a sale actually becomes money you can spend, minus fees and any reserve.

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Payments & Settlement

Capture

The step that converts an approved authorization into an actual charge, flagging the transaction to be settled and funded. Capturing only when you can fulfill the order helps avoid disputes over charges that ship late or not at all.

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Payments & Settlement

Payout

The deposit of settled funds into a merchant's bank account after fees and reserves are applied. Payout speed and schedule vary by provider and risk profile and directly shape a business's working capital.

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