Settlement Date View - Settlement Summary by Settlement Date

iQ displays the Settlement Summary by Settlement Date tab (Settlement Date View - Settlement Summary by Settlement Date ) when you work with any view of the PayFac Reconciliation report by Settlement Date. This tab summarizes the impact of sub-merchant settlement, chargebacks/returns, fees, reserve activity, and third party payments on Net Settled Sales, for each settlement date.

The Settlement Summary Field Descriptions table describes each of the fields in the Settlement Summary tabs.