Split Settlement Validation

1. A Charge is posted with Split Instruction

   • A charge is processed
   • The charge is authorized but not yet settled (settlement occurs later via batching).
   • The charge, along with its split instruction, is recorded in the Merchant’s Events & Logs:
   

2. Charge Settlement (Batch Processing)

   • A charge must settle before any split instructions can be processed.
   • Settlement typically occurs based on your configured cut-off time - but no later than 9:25pm EST each day.

3. Split Processing Begins

   • Once charges are settled, the system prepares split instructions for processing.
   • This occurs one hour before the instructional funding window.

4. Funding Window Opens

   • The instructional funding window opens daily.
   • The system executes split instructions for all settled charges.
   • The split status updates to "complete" once processing finishes.

5. Funds Deposited to Payee’s Bank Account

   • Once the split is "complete", funds are deposited to the payee’s bank account—typically on the same day, depending on ACH cutoff times.

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Delays can occur if:

• The split wasn't completed before the funding window.
• There were issues with the bank or account.

Key Requirements for Deposit:

1. Charge Settlement- Charge must be successfully batched/settled.
2. Split Completion- Split status must be completed.
3. Timing- Must occur before the daily funding window.