What is the Daily Batch Settlement Fee?
The Daily Batch Settlement Fee is a fee incurred, at most, once daily (not more often, but could be less often depending upon the circumstances). The Batch Settlement Fee is an amount deducted from the captured funds for a given day. The Daily Batch Settlement Fee is deducted ONLY on days when you have captured funds to your SecureSource account. If you have only authorised payments for a given day, and did not capture any funds for that same day, then there is no daily batch settlement fee assessed.
