There are 3 ways you can perform on a daily settlement. Select the most suitable option that best suits your business.

Type of Settlement Performing a daily settlement Considerations
Merchant Initiated Settlement
  • A settlement can be performed by a Merchant using the menu on the EFTPOS terminal
  • Once the settlement has been complete, the terminal will print out a Settlement Totals receipt
  • A settlement should only be performed once a day
  • Multiple settlements are strongly discouraged
  • Any settlements that occur after the first settlement will be bundled into the next day’s funding and may be difficult to balance payments
Terminal Initiated Settlement
  • You can request that the terminal is set up to automatically settle at a specific time of day that suits your business
  • This time is treated like an alarm and prompts the terminal to send the Settlement totals to the host
  • Ensure your terminal is set within the terminal settlement windows
  • Settlements cannot be scheduled between 21:00 and 00:00 AEST/ADST
Host Initiated Settlement
  • If a merchant or terminal has not initiated a settlement, automatic cut-over will be forced by the host prior on or about 17:00 AEST / AEDST
  • If a host settlement occurs while the device is powered off, the terminal will initiate a settlement as soon as it is logged back on