PAYMENT FIELD NOTES
Settlement
The transfer or final accounting of transaction funds at a particular point in the payment flow. Provider-balance settlement is not necessarily bank receipt.
What it means
The transfer or final accounting of transaction funds at a particular point in the payment flow. Provider-balance settlement is not necessarily bank receipt.
A practical example
A card payment can be successful before its funds become available for payout. A daily payout schedule does not remove the settlement interval.