Settlement Options and Configuration

Configuration Item	Description	Option Chosen
Settlement	Gross settlement: Purchase deposit separate from Disbursement debit Net settlement: a net amount is settled Purchase-Disbursements. If negative a debit is initiated on the account.
Exceptions	Gross: Exceptions are debited are credited separately from settlement Net: Exceptions are debited or credited against the Purchase proceeds
Fee Frequency	Interchange and network fees are debited daily Other options: requires approval
Fee Settlement	Gross: a separate fee debit is sent daily Net: the fees are debited against the purchase proceeds. If negative net amount then a debit is sent to the account designated for Purchases
Convenience Fee	XXXXX	XXXX

Configuration Item	Description	Option Chosen
Purchase Account	Account used to receive the Purchase deposit. Deposit is less refunds.
Disbursement Account	Account used to fund disbursements. This account must be at acquiring bank
Adjustment Account	Account used for Chargebacks and Representments
Fee Account	Account used for daily fee debit

Configuration Item	Description	Option Chosen
Settlement	ISO level settlement: All funds are settled at the ISO level Merchant level settlement: funds are settled for each merchant. Each merchant must provide unique account and settlement options
Reports	Reports can be delivered to the ISO or Merchant
Fee type	A merchant discount rate or interchange++ can be configured. The daily merchant debit for fees can be the ISO’s fees to the merchant. TabaPay can credit the residual ISO fees daily or monthly
Fees	ISO or merchant: Does the ISO or merchant pay the daily interchange and assessments.