Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Should I check the Settle Immediately box on the Verify Request page when I Credit, Delete, Settle, or Re-Authorize a transaction?

0
Posted

Should I check the Settle Immediately box on the Verify Request page when I Credit, Delete, Settle, or Re-Authorize a transaction?

0

Most Skipjack merchants should NOT check the “Settle Immediately” box on the “Verify Request” page. The Settle Immediately check-box should ONLY be used by accounts that are configured to use the ‘Manual/None’ settlement mode. All other settlement configurations (Automatic Daily and Manual Daily) should NEVER use the Settle Immediately feature because it will prematurely close your batch for the day. You can view these settings from your “Account Summary” page by clicking “Batch Settlement Preferences”. If “Type” is “Manual” and “Frequency” is “None”, you can safely check the “Settle Immediately” box (Note that this should only be selected if you wish to send all “flagged” transactions to the bank for settlement. Some banks may levy additional fees for sending multiple settlement batches in a single day). If there are any other settings displayed, DO NOT check the box as this may cause additional fees from your bank or may cause problems with your Skipjack account.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123