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Types of settlement methods. There are two types of settlement methods for e-commerce sites, "automatic settlement" and "designated settlement," which differ in the timing that sales are confirmed.

Payment options FAQ The three most common types of payment in today's market are credit cards, debit cards, and cash. Credit and debit card transactions involve fees paid by merchants to the card companies, but they tend to involve larger purchase amounts than cash transactions.

SETTLEMENT PROCESS OVERVIEW In the financial industry, settlement is generally the term applied to the exchange of payment to the seller and the transfer of securities to the buyer of a trade. It's the final step in the lifecycle of a securities transaction.

Considering this definition, payment systems transactions in India would comprise of transactions processed and settled through (a) Paper Clearing [Magnetic Ink Character Recognition (MICR), Non-MICR, Cheque Truncation System (CTS), Express Cheque Clearing System (ECCS)]; (b) Bulk electronic transaction processing ...

Merchant Settlement Amount means the amount payable to a Merchant in respect of a Transaction pursuant to the merchant services agreement between the Merchant and Acquirer, plus an amount equal to the amounts deducted by the Acquirer pursuant to the merchant services agreement, for the processing of such Transaction as ...

Fund Transfer: The actual transfer of funds occurs based on the settlement instruction. The cardholder's issuing bank debits the cardholder's account for the transaction amount, and the acquiring bank credits the merchant's account with the corresponding funds.

The first part is the clearing process in which payment information is conveyed from the payor to the payee, probably through intermediary banks. The second part is settlement in which the actual transfer of value associated with the payment order is made, generally not with cash but with a claim on a bank.