Introduction

For our clearing and invoice process the following settings are applicable

• clearingPeriod; possible options are DAY, WEEK, MONTH and indicates how transactions are grouped on your clearing. By default they are grouped per month. If grouped by WEEK and there is a change of month two clearings will be generated that week. If grouped by DAY a clearing will generated every day;
• clearingFrequency; possible options are MANUAL, DAY, WEEK, MONTH. We check every DAY, WEEK, MONTH if there are funds that needs to be cleared. If that is the case we will do a settlement to the clearing bank account. If MANUAL is configured we will not check automatically if we need to clear funds and we expect you to use addClearing endpoints to clear funds to the clearing bankaccount.
• clearingMoment; possible options are DIRECT or COLLECT. Each payment method has a so-called release period. These release periods are defined in payout scheme's. Depending on factors such as your relationship with PAY, transaction history, payment mix, and the company’s service level (e.g., few chargebacks and disputes), a higher payout speed can be applied. DIRECT means that the funds will be cleared as soon as the revenue has been released. COLLECT means that the funds will be cleared as soon as the revenue from the clearing period has been released.
• invoicePeriod; possible options are WEEK or MONTH. Transaction costs and/or other fees will be grouped per MONTH or per WEEK;
• invoiceFrequency; possible options are WEEK or MONTH. We will send an invoice (or will settle the invoice with your balance) every WEEK or MONTH;
• settlementPerClearing; indicates if every clearing results in a separate settlement on the clearing account;
• splitByTurnoverGroup; indicates if we need to spilt the clearing by turnovergroup. For each turnovergroup a different clearing will be generated;
• mt940;
  • change the MT940 bankaccount in the MT940 file;
  • change the headers in the MT940 file; possible options are STANDARD, CUSTOM or TWINFIELD. If CUSTOM is defined then the custom headers configured are returned.

Using our API's

With the Merchant:UpdateSettings API these settings can be set. The Merchant:Info API is returning the actual settings that are currently configured for your (sub)merchant.

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Note; depending on your rights you can set and retrieve these clearing and invoice settings

Using our portal

If you navigate to the merchant management page in https://my.pay.nl the clearingFrequency can be configured in the merchant data (click on the most right icon in this overview page).

For the rest of the settings you need to image to the merchant, navigate to Merchant > Invoices (Clearing). Click on the icon highlighted in the image below to configure the clearing and invoice settings

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Note; depending on your rights certain settings may or may not be visible