Step 7: Settlement processing

When ABC Furniture's receivables reach their settlement dates, Seller management transfers the net amounts to the ABC Furniture Creditor Account, according to the PC300 creditor operation.

Objective: Monitor the scheduled settlement and verify the resulting funds are directed to the creditor account associated with the merchant and your defined configuration conditions.

Monitor settlement

AcmePay monitors settlement status in the Transactions and Schedule tabs for ABC Furniture in Control Center, or with the List merchant transactions v2 endpoint. To confirm each settlement, including its gross amount, net amount, and applied fees, AcmePay subscribes to the Merchant settlement created event.

For how settlement works, including internal and external transfers and the other settlement events, refer to Settlement.