The Settle Transactions page enables you to settle pending transactions that you have entered into PayTrace's Virtual Terminal.
How to Use This Page
Click the Settle Transactions link from the Virtual Terminal menu.
Verify the pending transactions should be settled.
Click the Settle Transactions button.
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Settling transactions is only available for merchants whose processing account is set up on a Terminal Data Capture processing network. This link does not appear for merchants who are not on this type of processing network.
Once a transaction is settled, it initiates funding of the transaction. Transactions cannot be voided after they are settled but they can be refunded.