Payment settlement financially completes processing between participating payment parties. In card processing, it follows calculation of obligations and involves transferring funds. It is distinct from authorising the initial request.[2] An available processor balance also differs from a payout to a bank account.[1]
Check what 'settled' means in the provider's report and its date basis. Do not automatically use it as the revenue-recognition or bank-receipt date. Reconcile gross transactions, fees, adjustments and payouts separately so processing, deductions and timing differences remain visible.
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Compiled with AI assistance using public sources. General explanation, not individual legal or tax advice. Describing a concept does not mean Zoloo offers it as a feature.