What does it mean to “settle” a batch?
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To “settle” a batch means to close out the group of credit and debit card transactions collected throughout the day and submit them to the payment processor for funding.
Once a batch is settled, the transactions are finalized, and the funds are scheduled to be deposited into your bank account.
Settlement can happen automatically (auto-batch) at a pre-set time or manually if initiated by you.
Settle your batch daily to avoid delays in funding and to ensure accurate transaction reporting.