Processor Settlements

This section describes how routine processor settlements are done from the back office of GovNet step by step.

STEPS

1. Click the "Accounts & Recon" Menu.

Accounts & Recon

1. Click "Processor Settlements" Sub-menu.

Processor Settlements

1. Click "Create" button.

Create Button

1. A popup "Processor Settlement Details" will then open.

Processor Settlement Details

1. Click Settlement Currency dropdown. Select Currency from the options.

Select Settlement Currency

1. Click the "Settlement Amount (Value Required)" field. Enter Settlement Amount.

Enter Settlement Amount

1. Click the "From Processor" dropdown and Select Processor.

Select From Processor.

1. Click the "Processor Settlement Charge (Value Required)" field. Enter Processor Settlement Charge.

Enter Processor Charge

1. Click "Settle to Bank" dropdown. Select Settle to Bank from the returned options.

Select Settle to Bank

1. Click Bank Account dropdown. Select Bank Account.

Select Bank Account.

1. The "Processor Reference (Value Required)" field. This will be generated by the system.

Processor Reference.

1. In the "Remarks" field. Enter Remarks.

Enter Remarks

1. Click "Create" button. This creates the settlement request in the back office.

Create Button