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Web Store

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Web Store
West Wind Web Store .NET
Web Store
Mar. 18, 2013
11:22 am
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From:rossrooker
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SETTLEMENT QUESTION
The issuing bank sends the appropriate funds for the transaction to the credit card network, which passes the funds to the merchant's bank.

The bank then deposits the funds into the merchant's bank account. This is called 'settlement', and typically the transaction funds are deposited into the merchant's primary bank account within two to four business days.

QUESTION: When the credit card is charged in Web Store, what action triggers the settlement in the Web Store?


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