Settlement and refund

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Automatic settlement

 

A/R Down Payment Invoice

Enable this option if you want the system to automatically settle when adding the document.

All authorization logic will be disabled on the document if this is enabled.

 

Note: The document will always be fully settled when using the option. If you want to do partial payments you should not use this option.

A/R Invoice

Enable this option if you want the system to automatically settle when adding the document.

All authorization logic will be disabled on the document if this is enabled.

 

Note: The document will always be fully settled when using the option. If you want to do partial payments you should not use this option.

A/R Reserve Invoice

Enable this option if you want the system to automatically settle when adding the document.

All authorization logic will be disabled on the document if this is enabled.

 

Note: The document will always be fully settled when using the option. If you want to do partial payments you should not use this option.

Settlement - other

 

Allow settling more than open document amount

Enable this option if you want to disable all checks that prevent settling a higher amount than what is currently open on the document.

This will impact the batch settlement and right-click -> settle now screens.

No checks will be performed and settlements can be done on any amount.

 

Note: We do not recommend enabling this option.

Batch settle only authorized amount

Enabling this will cause iPayment to only settle authorized amounts when using the Batch Settlement Wizard.

 

This means the user won't have to manually edit each line when batch settling.

Reauthorize when performing partial settlements

Enabling this option will tell iPayment to reauthorize the remainder of the existing authorization when doing partial settlements.

Create incoming payments while doing settlements

Enable this option to create incoming payments when the settlement is created.

Note: If you enable this option you need to use the “Credit Card Mapping” button below!

Outgoing payments

 

Refund using

This option determines what kind of documents there will be created when making batch refunds or non-linked refunds from at credit memo. the option is

No document

Outgoing payment

Negative incoming payment

Outgoing payments account

Enter/select the account to be used for the outgoing payment.

Ramtool

 

Payment account

Secure trading only:

Enter/select the account to be used for the incoming payment that will be created during the settlement process/when importing files from Ramtool

Fee account

Secure trading only:

Enter/select the account to be used when posting Secure Trading/Credit Card fee. The fee will be taken from the payment account and moved to the fee account using a journal entry.

Ramtool folder

Secure trading only:

If you want to use Ramtool for reconciliation you need to select a folder where you download the files to. You can read more about this feature in the “Ramtool” section.