Summary settlement report

The Summary Settlement Report includes a separate tab for each currency you decide to settle in.

Note: If the client chooses to settle in one currency, then both domestic and international settlements will fall under one tab. 

The report includes a combination of debits and credits that the network processes daily. 

• Credits – include refunds, chargebacks and interchanges.
• Debits – include POS and ATM settlements, fees and unique transactions. 

The network NETTs off the credits from the debits. So, only a single transfer will need to be made when settling with the network daily.

Here is a description of the transactions you can find in the report:

• Unique Transactions – consist of transactions from merchants, such as casinos, gambling sites and pharmacies.
• ATM Interchange – it’s a debit fee that the card issuer sends to a card network to pay the bank agent where the ATM transaction took place.
• Card Association Fee – this can be either a debit or a credit transaction. As a debit transaction, there is a fee paid to a card network for a specific service rendered. As a credit transaction, there can be some discounts applied to the paid services. There is a difference between Card Association Fee Credit and Card Association Fee Reversal. The latter refers to a reversal provided back to the issuer via an incorrect charge, whereas the former is a discount given off the fees.