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The Settlement Setup screen lets you specify whether you want your batch to be automatically
settled at a specific time each date. You can use the two Settle Email addresses to specify who
should receive emails indicating the statuses of attempted batch settlements.
Note: Some payment processors have “host-initiated” settlement. When you are using a
payment processor with this capability, you will not need to manually settle your
transactions each day. “Terminal” based processors require end-of-day settlement and you
will have to either manually settle your transactions each day or use PAYware Connect’s
time-initiated function to settle your transactions. Check with your Merchant Services
Provider to determine what type of payment processor you are using to determine the
settlement method you will need to make.
The Settlement Submit screen allows you to submit your open batch for settlement.
PAYware Mobile 1.0004 – User Guide 06/22/2010 Page 32 of 34