Are you ready?
In this tutorial you will learn how to change settlement
cutoff time for credit card and direct debit transactions. As a rule, card and direct debit transactions are processed by different processors/banks. Thus, settlement time for these types of transactions can differ, which can cause funding delay for merchants. For this reason, it is needed to separate a settlement time for these types of transactions.
We will use the following parameters:
Settlement type: daily
Cutoff (Cards): 11:00 PM
Cutoff (Direct Debit): 5:00 PM