Batch close
The Batch Close feature in the Pinpad API allows businesses to finalize and submit a batch of transactions for settlement. This process ensures that all transactions within the batch are sent to the payment processor, initiating the settlement process to transfer funds to the merchant’s account.
Closing a batch is a critical step in payment processing. It locks the batch to prevent further changes and submits the included transactions for settlement. This ensures that sales, refunds, and other transactions are processed accurately and funds are moved accordingly. The Batch Close process typically occurs at the end of the business day or shift to ensure proper reconciliation.
Key Features
• Finalizing Transactions: Locks the batch, ensuring no additional transactions can be added or modified before settlement.
• Settlement Trigger: Submits the batch to the payment processor to initiate the transfer of funds to the merchant’s account.
• Batch Status Confirmation: Provides confirmation that the batch has been successfully closed and sent for settlement.
• Error Detection: Alerts merchants if any issues arise during the batch closing process, ensuring discrepancies can be addressed promptly.
Business Advantages
The Batch Close feature ensures that merchants efficiently manage the flow of transactions and receive timely settlements. By closing batches daily or at the end of shifts, businesses can prevent delays in payment processing and minimize the risk of errors.
This functionality provides greater financial control, enabling merchants to streamline their accounting processes, maintain accurate records, and ensure cash flow stability.
Updated 5 days ago