Clearing & Settlement Detail

This report enables you to view the clearing and settlement details for a merchant over a specified date range.

This report contains an Other column. Items listed in this column identify additional money movement outside of Chargebacks, Adjustments, and Reserve Funding activities that affect the total Deposit. This category presents separate Fees (Daily and Monthly) and Non-Settled items.

The Other column contains these sub-columns:

Fees: This column lists daily and monthly fees that impact the Deposit.
Non-Settled: This column lists all unsettled sales and returns, Chargebacks, Adjustments, Fees, and Reserve Funding activity that impacts the Merchant ACH Deposit entry (net before the ACH Deposit). This excludes any activity related to Chargebacks, Adjustment, Reserve Funding or Fees that were included in the ACH Deposit.

The Batch Amount column contains the same value as the Batch/Amount on the top row, enabling you to reconcile the bottom row from right to left by comparing what was included in the Batch Amount, less Non-Settled, taking into account Fees, Adjustments, and Chargebacks to the actual ACH Deposit entry going to the Merchant or Association.

Note: Posted transactions will show on the merchant statement, whereas non-posted transactions will not.

Also, settled transactions are funded by the acquirer, whereas non-settled transactions are funded by another party, such as American Express or Discover.

This report also enables you to determine if reserve activity is present for the totals currently displayed on the report. The Reserve field displays a Y if there are reserved funds, or an N if there are no reserved funds. Additionally, the R indicator in the ACH Adjustment – Amount column appears if the adjustment totals include reserve funding adjustments. The R indicator will also link you to the Reserve Funding summary to access additional Reserve Funding information.

Note: These fields will only display if the merchant in context is configured for Reserve Funding.