The Settlement Funding Calculation page provides a breakdown of the funds settled to your merchant bank account for a given settlement funding event. Refer to this calculation detail for more information about the funding amount (such as how it was calculated, or a reason if no amount was funded) and to help reconcile your settlement funding against your merchant bank account statement.
Note: All charges, refunds, returns, chargebacks, fee withholdings, etc., are already added to or deducted from the account balance at this point. They are not included in the funding amount calculation.
Billing Status — The current billing status for your payment gateway account: Current or Delinquent.
Active Since — The date your account was activated.
Billing Balance — The current billing balance owed for payment gateway services.
Batches Available for Funding on [Date] — This section lists the statement date(s) and batch settlement date(s) for batches from which funds are now eligible to be released (meaning that the hold period for those funds is over).
Charge Transactions During Funds Holding Period [Date Range] — This section lists batches that occurred during the funds holding period for the current settlement funding calculation. Funds from charge transactions included in these batches are not yet available due to the required funds holding period and are therefore deducted from the beginning balance for the current settlement funding calculation.
Total Charge Transactions — The total amount of charge transactions processed during the funds holding period for the current settlement funding calculation.
Funding Amount Calculation — The actual calculation of funds eligible for release to your merchant bank account.
Beginning Balance — The account balance of transaction processing funds in your Settlement sub-account at the time of the funding calculation.
Minus Total Held Charge Transactions — The amount deducted for charge transactions that occurred during the funds holding period for the current settlement funding calculation.
Minus Approved Refunds — Indicates the amount reserved for currently approved refund transactions.
Note: In order to submit a refund transaction, there must be sufficient funds in your Settlement sub-account.
Total Amount Fund on [Date] — The total amount funded to your merchant bank account for the settlement funding event. When this amount is negative, no amount is funded due to insufficient funds in your account.
Note: If your account is currently in Funding Hold, this item will read "Total Amount Available for Funding."
Tips for reading the Settlement Funding Calculation:
Amounts in parentheses, for example "(272.02)," indicate amounts owed to the payment gateway.
Total funding amounts of less than one dollar will be held until the next funding event.
In the event that your account is in Funding Hold, the amount indicated on the calculation detail is not actually funded to your merchant bank account, but is held by the payment gateway. The most common reason for the Funding Hold is that your transaction processing exceeded your eCheck.Net monthly processing limit. For more information about Funding Hold, or to request a processing limit increase, please contact Customer Support.
For additional help understanding the settlement funding calculation detail, please refer to the eCheck.Net Operating Procedures and User Guide.