Refers to the process by which a Merchant receives funds from payment transactions made by customers.
Cards & APMs: Settlement involves the actual transfer of funds from the issuing bank to the acquiring bank. The acquiring bank, in turn, credits the merchant’s account with the settlement amount, minus relevant processing fees.
Carrier Billing: Settlement involves the actual transfer of funds from the carrier to DIMOCO. The money is then deposited into the merchant’s business account, minus relevant processing fees.