When the money arrives.
WHAT SETTLEMENT IS
Funds moving from the gateway to your bank account.
TIMING
Not instant. Varies by gateway and sometimes by payment method.
WHAT THIS MEANS
Money taken today is not money available today.
Plan accordingly.
WHAT TO ESTABLISH
Your gateway's settlement schedule Whether it differs by payment method Whether there is a minimum
WHY IT MATTERS
A business dispatching goods immediately and receiving funds days later is financing its customers.
For a small business, that is a real cash flow consideration.
WHAT TO MONITOR
Settlements against transactions.
A missing settlement needs investigating promptly.
FOR HIGH-VALUE ORDERS
Some gateways hold funds for review.
Know the threshold before it happens.
WHAT TO RECORD
Settlement dates and amounts, against your transaction records.
That is what your accountant needs.
