Daily settlement
Check and keep track of the daily debt generated by your customers' transactions.
Introduction
The daily settlement section of the Dashboard is designed for you to check the daily debt that is generated as your customers use your cards, and that you must pay to the Brand Networks to settle the transactions and stay up-to-date with daily settlement flows.
Content
| Total amount to pay | This is the total debt as of the current date that you must pay in order to stay up-to-date with your debts from the settlement process of the Brand Networks. Every day, this amount will be updated with the transactions from the previous day until the amount was consolidated. |
| Debt details | You can see more information about the debt such as: Exchange rate used for international expenses. Debt breakdown between local and international. Previous debt and whether it's local or international (if applicable). Positive balance (if applicable). |
| Presentations file | From the ፧, you can download the presentations file in .CSV format to reconcile the debt. |
| Pay debt | If you have the payment notification permission, you can access the bank details to make the transfer and attach the bank receipt indicating the transferred amount. Until we confirm receipt, the payment status will be PENDING. Afterwards, it will change to PAID or PARTIALLY PAID, as applicable. |
| Daily settlement history | From here, you can access the details and presentation files of all past debts in case you need to retrieve any data. |
This is how you will see it on the Dashboard:
Debt calculation
We generate settlements every day at 2:45 pm (GMT-3). You will have until 2:30 pm (GMT-3) the following day to pay them, except on Fridays, when the deadline is 5:00 pm (GMT-3) on the same day.
From 5:00 pm (GMT-3) on Fridays, payments cannot be reported until the Sunday settlement is generated, which will include the accumulated debts from the last settled settlement until that day.
On Saturdays and Sundays, you cannot settle debts as we will not be able to confirm the payments. For this reason, the Sunday debt includes Saturday's presentations as part of the remaining debt.
Payment report
In the payment report, we will ask you to enter the amount paid and attach the receipt. If you do not report a payment on any given day, you will see the debt reflected in the next settlement.
Keep in mind:
| If you pay in local currency | When making a payment that exceeds the total amount of your debt, the resulting positive balance will be kept as a balance in local currency and will be used to cancel future domestic and international debts. |
| If you pay in international currency | When making a payment that exceeds the total amount of your debt, the resulting positive balance will be kept as a balance in international currency and will be used to cancel future domestic and international debts. |
| If you pay in multiple currencies | When making a payment that exceeds the total amount of your debt in one currency, the resulting positive balance will be kept as a balance in that currency and will be used to cancel future debts in that currency. |
Considerations for 🇦🇷 Argentina
- For the international amount, we will consider the exchange rate (Currency quotation) of the Banco de la Nación Argentina from the previous closed day (D-1) (BNA exchange rate) plus 1% on the BNA exchange rate.
- The USD debt that you do not pay off will be updated daily using the exchange rate (Currency Quote) of the Banco de la Nación Argentina from the previous closed day (D-1) (BNA Exchange Rate) plus 1% on the BNA exchange rate.
Permissions
To access the daily settlement section, Admin users must give permissions to the operators by going to the Roles section and enabling the View section and Notify payments options. In addition, they must enable permissions according to the countries where they operate.