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Settlement Reports. Settlement Reports explain in detail all payments made by Klarna to you and help you to reconcile your accounts. Settlement Reports are of CSV, PDF or JSON format and can be accessed in three different ways — using Klarna's Merchant Portal, using the Settlements API or by using an SFTP.
Settlement report enables you to view settled or unsettled Sale, Credit, Delayed Capture, and Voice Authorization transactions, and transaction counts and totals. Transactions are posted to your merchant bank account 48 to 72 hours (typically) after being approved for settlement.
The Settlement Summary Report provides summarized information about the settlement of all forms of payment on your site. And the report provides both the Transaction Amount and the Transaction Count for each form of payment. You can choose to view only settled transactions, unsettled transactions, or both.
Settlement report: The Settlement report provides settled credit card transaction information split by credit card type. The purpose of this report is to provide you with which credit card transaction have been processed and paid out. The Settlement report is only generated when you settle your batch.
Settlement is the process through which a merchant receives money paid by their end users for a particular product/service. There are a number of entities involved in the settlement process. The cardholder inputs their bank account/card details on the Razor pay Checkout form in order to pay for a product/service.
Batch Processing. After a credit card transaction is made, an issuing bank sends an authorization code to the merchant, and then the settlement stage or batch processing begins. It is called batch processing because a number (or batch) of transactions is settled all at one time.
A settlement bank is the last bank to receive and report the settlement of a transaction between two entities. It is the bank that partners with an entity being paid, most often a merchant.
Definition of Settlement Account. Settlement Account means the account maintained by Bank used for Settlement of all transactions initiated by use of a Card(s) by or on behalf of a Cardholder.
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