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5.0 End of Day Functions using Integrated Mode.
5.1
Settlement.
We offer instant settlement for all eftpos, Mastercard, Visa and China UnionPay transactions
– when the settlement function is performed before 9:30 pm each business day (excluding
weekends and national public holidays) and when your settlement account is a Westpac
bank account. However, if your bank account is with another financial institution, please
allow a minimum of 24–48 hours for the settlement funds to be deposited.
To enable an Automatic Settlement:
Automatic Settlement is where the terminal will automatically initiate daily settlement
at a chosen time. While in the idle state, the terminal performs internal checks to see
if it needs to initiate an Auto-Settlement. At the scheduled time, the terminal will contact
the bank and initiate the settlement.
The terminal has a default automatic settlement time (unless nominated at the time
of application), which can vary by business. If you would like to change the automatic
settlement time, please call the Merchant Helpdesk.
Alternatively, a scheduled task can be setup via Linkly to schedule an Automatic Settlement
time. Contact your POS vendor or Linkly Support for assistance.
Important:
•
Your terminal and POS equipment must be powered-on for Automatic Settlement to occur
at the set time each day.
•
The settlement window is typically between 11:00 pm through to 9:30 pm the following day.
•
You can only perform one settlement within this window in a 24-hour period.
To process a Manual Settlement:
You have the option to process a Manual Settlement anytime throughout the day prior
to Automatic Settlement.
Terminal Screen
SETTLEMENT
PLEASE WAIT
Next Step
Start by initiating the transaction via the POS interface.
Wait for the settlement processing to be completed.
If the terminal detects a reversal or any offline transactions
in its memory, it'll transmit these transactions to the bank
before starting the settlement process.
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