Settings (Remittance)

Type:    Form
Description: Arrangement of forms, that include information about remittance processing.
Modes:
Items:

Save
Saves all changes on the form.
Close
Closes the form without saving any changes.

Settings

Includes configuration options to set up process of remitting money back to merchant.
¦_
Remitter
Reference to a merchant that contains settings necessary to execute remittance operations.

References: MerchantRemittanceInfo.remitterCode
¦_
Mode
Represents the type of transaction for which remittance process is going to be applied.

See Remittance for additional information.

References: MerchantRemittanceInfo.remittanceMode
¦_
Batch Only
Indicates that remittance will occur for batch transactions only.
¦_
None
Default value. Indicates that remittance will not occur.
¦_
Retail and Batch
Indicates that remittance will occur for both retail and batch transactions.
¦_
Retail Only
Indicates that remittance will occur for retail transactions only.
Basis
Allows to select how remittance will occur.

Represents the type of remittance basis that is used for this merchant. Works in conjunction with ACH remittance period, CC remittance period and AmEx remittance period.

References: MerchantRemittanceInfo.remittanceBasis
¦_
Funding Date
Indicates that remittance of funds occurs pre-defined number of days after funds are received from the processor.
¦_
Response Date
Indicates that remittance of funds occurs pre-defined number of days after approval is received from the processor.

Statement Review

Includes settings for activation of statements review options.
¦_
Merchant
Indicates whether an explicit approval is required before merchant statement is processed.

References: MerchantRemittanceInfo.isMerchantStatementReviewEnabled
¦_
Reseller
Indicates whether an explicit approval is required before reseller statement is processed.

References: MerchantRemittanceInfo.isResellerStatementReviewEnabled

Period

Includes deposit period configuration.
¦_
Deposit
Deposit period set for transactions.
¦_
Direct Debit
Deposit period set for direct debit transactions.
¦_
CC
Deposit period set for credit card transactions.
¦_
Amex
Deposit period set for Amex transactions.

Processing

Includes information about processing cut-off time.
¦_
Cutoff
Shows the time of the day that marks the end of the business day.
This time is set according to the server time zone but should be adjusted for merchant/merchant account individually, if needed. For example, if server time zone is set as EST but a particular merchant/merchant account operates according to PST, the cutoff time setting should be set as 3 AM, in case if cutoff processing time should occur at midnight.
Any transactions processed before this time are dated as the date-processed, while any transactions processed after this time are dated as being processed the next day.

References: MerchantRemittanceInfo.processingCutoff

Remittance Currency

Includes merchant remittance currency settings.
¦_
Currency Code
Code of currency used for remittance.
Default value: USD.

References: MerchantRemittanceConfig.remittanceCurrencyCode

Balance

Shows current merchant's balance.
¦_
Total
Note: This field is read-only and cannot be modified.

Shows the current balance of a merchant/merchant account. If the value is positive, 3rd party processor owes money to the merchant. If the value is negative, merchant owes money to a 3rd party processor.

References: MerchantRemittanceConfig.totalBalance
¦_
Net
Note: This field is read-only and cannot be modified.

Shows the amount of money owed to the merchant excluding reserves.

References: MerchantRemittanceConfig.netBalance
¦_
Convenience Fee
Note: This field is read-only and cannot be modified.

Shows the amount of money owed for convenience fee.

References: MerchantRemittanceConfig.convenienceFeeBalance

Amount Limits

Includes amount limits configuration for the current merchant.
¦_
Min Remittance
Shows the minimum amount of funds that must be reached in order for the remittance process to occur.

References: MerchantRemittanceConfig.minimumRemittanceAmount
¦_
Max Withholding
Maximum amount of money that can be withheld in favor of reserves within a single remittance.

References: MerchantRemittanceConfig.maximumWithholdingAmount
¦_
Max Reserve Adjustment
Shows the maximum amount of money that can be withheld for a single remittance to be placed in the reserve adjustments.

References: MerchantRemittanceConfig.maxReserveAdjustmentAmount
¦_
Min Statement
Minimum amount of the merchant statement.

References: MerchantRemittanceConfig.minMerchantStatementAmount
¦_
Max Statement
Maximum allowed amount of the merchant statement.

References: MerchantRemittanceConfig.maxMerchantStatementAmount

Remittance

Includes various remittance settings.
¦_
Hold Enabled
Indicates whether remittance process is enabled. When set to true, the balance of all of the newly generated remittance statements is not sent to the merchant, but transferred under the merchant's balance.

References: MerchantRemittanceConfig.isRemittanceHoldEnabled
¦_
Ignore Source
Controls whether remittance source is ignored or not. If enabled, a single bank account will be used for all types of remittances and they will not be split based on the remittance source. See Remittance Source definition for additional information.

References: MerchantRemittanceConfig.isRemittanceSourceIgnored

Funding

Includes merchant funds settings.
¦_
Merchant Funding Policy
Represents the type of current (or selected) approach used to withhold fees from a merchant.

References: MerchantRemittanceConfig.feeWithdrawalPolicyType
¦_
Deduction
Indicates that withdrawal of fees will be deducted as a part of remittance.
¦_
Withdrawal
Indicates that withdrawal of fees will be deducted either from the same deposit account or from a separate bank account that was designated by the merchant for withholding of the fees.
¦_
Deduction Conditional
Automatically switches on if initially merchant funding policy type was withdrawal, and while trying to withdraw fees from merchant account, returns was received for the second time. Such case leads to hold of the account. It can be cancelled by user by unchecking Hold Enabled checkbox on UI.
Billing begins on
Date when the last physical ACH transaction (deposit) was sent to the merchant. See Statements definition for additional information.

References: MerchantRemittanceConfig.lastRemittanceDate
Recurring Fees begin on
The date when recurrent fees for a merchant begin to accrue.

References: MerchantRemittanceConfig.recurringFeesBeginDate
Annual Fee Month
Allows to select a month when an annual fee should be collected.

Merchant Statement

Includes various emailing merchant statement settings.
¦_
Export
Indicates whether the content of the Merchant Statements List report is exported to the merchant’s FTP via the data export mechanism.

References: MerchantRemittanceConfig.isMerchantStatementExportEnabled
¦_
Archive
Indicates whether merchant statement archiving process is happening. Copies of statements are archived here: 126.

References: MerchantRemittanceConfig.isMerchantStatementArchivingEnabled
¦_
Statement View Policy
Allows to select what information is included in the merchant statement.
¦_
Activity Summary
Indicates whether the Activity Summary information is included in the merchant statement.
¦_
Rejects Summary
Indicates whether information on received Rejects is included in the merchant statement.
¦_
Fees Processing
Indicates whether information on Processing Fees is included in the merchant statement.
¦_
Fees Flat
Indicates whether information on Flat Fees is included in the merchant statement.
¦_
Passthrough Fees - Interchange
Indicates whether information on the Interchange totals received from the processor as a part of processing cost is included in the merchant statement.
¦_
Passthrough Fees – Assessment
Indicates whether information on the Assessment totals received from the processor as a part of processing cost is included in the merchant statement.
¦_
Split Payout Summary
Indicates whether information on split out transactions is included in the merchant statement.
¦_
Reserves
Indicates whether information on Reserves is included in the merchant statement.
¦_
Adjustments
Indicates whether information on Adjustments is included in the merchant statement
¦_
Statement Summary
Indicates whether the Statement Summary information is included in the merchant statement.
¦_
Submissions Summary
Indicates whether the Submissions Summary information is included in the merchant statement.
¦_
Splits Summary
Indicates whether the Split Summary information is included in the merchant statement.
¦_
Transactions Summary
Indicates whether the Transactions Summary information is included in the merchant statement.
Generation Policy
Enumeration of possible values of statement policy for the merchant account group.

References: MerchantRemittanceConfig.statementPolicyType
¦_
Any Balance
Indicates that statement will be generated for both positive and non-positive balance.
¦_
Positive Balance
Indicates that statement will be generated for positive balance only.
Mailing Policy
Allows to select an appropriate type of mailing policy.
¦_
No Action
Indicates that no action will be taken.
¦_
Notification And Statement Detail...
Indicates that notification will be sent to the specified email address with statement details.
¦_
Notification Only
Indicates that only notification will be sent to the specified email address.
¦_
Notification And Returns Details
Indicates that both notification and returns details will be sent to the specified email address.
¦_
Notification And Statement
Indicates that both notification and the list of statements will be sent to the specified email address.
Recipient List
Allows to add additional email addresses for getting merchant statements. By default, statements are sent to the email address indicated in a merchant's contact details.

Data Export

Includes merchant data export settings.
¦_
Deposit Export
Allows to select an appropriate type of data exporting to the merchant.
¦_
No Export
Default value.
Indicates that information will not be exported to the merchant.
¦_
Export
Indicates that information will be exported to the merchant.
¦_
Export and Notify
Indicates that information will be exported to the merchant and the notification will be sent to the specified email address.
Transaction List
Allows to select an appropriate type of transactions' information exporting to the merchant.
¦_
No Export
Default value.
Indicates that information will not be exported to the merchant.
¦_
Export
Indicates that information will be exported to the merchant.
¦_
Export and Notify
Indicates that information will be exported to the merchant and the notification will be sent to the specified email address.