Settlement
– Settlement: Once a particular transaction has been “captured”, the payment gateway involved needs to “settle” the said amount with the merchant. The merchant account is different from your bank account. A settlement happens when money is credited from the payment gateway’s merchant account to merchant’s bank account.
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MERCHANT SERVICE FOR ECOMMERCE (CREDIT CARD PROCESSING, MERCHANT ACCOUNT, PAYMENT GATEWAY, CONSULTING) WWW.ZUZUPAY.COM |