Manage automatic settlement/batch in Converge

Converge will automatically settle open batches at the time you set.

1. Log into the Converge

2. Click Settings > System Setup.

3. Under Processing Options, select Auto Settlement.

4. Select the time you want to auto settle.

Note: If you want to receive a next day deposit, your batch must be …

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What are reserves in payment processing?

A reserve on a merchant account in credit card processing is a temporary hold on a portion before they are deposited in your bank account. For example, if you had a 2 week reserve of $2000, there would be a hold of a rolling total amount of $2000.

The funds in the reserve are in …

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