Auto-Settlement TimesSettlement batches are groups of credit card transactions that must be sent to processors and submitted for settlement. As this completes the transaction, this process is usually conducted on a daily basis and may either be done manually or automatically on the Poynt Smart Terminal. To adjust your “auto-settlement” [...]
To set the stage – there are two distinct portions of any credit card transaction. The first is known as the authorization, which happens in real-time, when you swipe/dip/key the card into your system. You’ll receive a real-time response from the card-issuing bank of “approved” or “declined”. The second step [...]
Watch an EMV sale on a PAX s80 Learn how to VOID a sale on a PAX s80 See how easy it is to process Apple Pay or NFC payments Watch how fast it is to settle your PAX s80 terminal
Dharma does not have a batch fee. With other firms, batch fees are assessed on every day that transactions are sent in for processing, regardless of how many transactions are processed. Batch fees are paid if you process one transaction or one hundred. So, if your business is open every day, [...]