Perform Settlement in Paya Exchange or the Virtual Terminal
All credit card transactions must be settled at the end of each business day. The settlement process transfers money from the customers’ accounts to your business account. You can log on to Paya Exchange or the Virtual Terminal to manually settle transactions, or contact Paya Customer Support and ask to have your account set up for automatic settlement.
For more information, refer to the help for the application that you are using to perform the settlement.
Warning If a pre-authorization
is entered for a transaction in Sales
Order Entry, do not post-authorize the transaction using Paya Exchange or the Virtual Terminal. Doing so could result in a double-posting
to the customer's credit card. If you inadvertently settle a transaction
with a preauthorization in Paya Exchange or Virtual Terminal, you
can prevent the double posting by entering the transaction amount as a
deposit in Sales Order Entry before the transaction is updated.