All transactions processed using secured-pay are settled on a weekly basis by one of our acquiring banks. The first settlement may be delayed depending on your go live day.
In order to avoid small bank transfers a minimum threshold of 100€ is setup for your weekly settlements.
A negative balanced invoice is generated if during one settlement cycle the volume of your credited(refunds/chargebacks) transactions exceeds the debited ones. Your merchant account will hopefully be rebalanced for the next payout cycle through your future transactions. If you have a negative balance over several settlement cycles our acquiring bank will ask you to wire the funds in order to rebalance your merchant account.
If a rolling reserve is applied to your transactions, your funds will automatically be settled with one of your weekly settlements after the given period in your contract.
The percentage transaction fee will automatically be deducted from the transaction volume processed during your settlement cycle, and you will be invoiced for the fixed fee separately.