Microsoft 8 Step 5 - Transaction Settlement

Source Document
Type Transaction Type Approved A U
T
H
C
A
P
T
U
R
E
S
A
L
E
R
E
F
U
N
D
M
A
N
U
A
L
V
O
I
D
Invoicing Invoice Sale No
z z
Invoicing Return Refund Yes z
Invoicing Return Refund No z
Receivables Sales/
Invoices Sale Yes z z
Receivables Sales/
Invoices Sale No
z z
Receivables Debit
Memo Sale Yes z z
Receivables Debit
Memo Sale No
z z
Receivables Finance
Charges Sale Yes z z
Receivables Finance
Charges Sale No
z z
Receivables Service/
Repairs Sale Yes z z
Receivables Service/Re
pairs Sale No
z z
Receivables Warranty Sale Yes z z
Receivables Warranty Sale No z z
Receivables Credit
Memo N/A
Receivables Return Refund Yes z
Receivables Return Refund No z
Step 5 - Transaction Settlement
The final step in transaction processing is the settlement. All transactions
must be settled in order for the cardholder's bank to release the funds to the
seller. Credit card transactions are normally settled once per day at a time
designated by the seller. These instructions are determined at the time the
seller is set up on the AssureBuy payment gateway. For more information,
please see “Settlements” on page 31.
AssureBuy Payment Processing Microsoft Great Plains Dynamics/eEnterprise AssureBuy Functionality • 60