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A hotel finance team reviewing settlement and payouts.
Settlement

From approved to actually in the account.

An authorisation is only a promise; settlement is the fulfilment. It is where captured transactions are batched, cleared between the card networks and banks, reduced by fees, converted across currencies where needed, and paid out. The question it answers is financial: of everything you accepted, how much arrives, when, and after which deductions?

See it in the product
The money actually moves

Settlement turns approved transactions into money in the operator's bank account.

Authorisation reserves an amount. Capture confirms it. Settlement moves it. In between, the networks net out positions between acquirer and issuer, fees are deducted, currencies are converted where they differ, and a payout lands on a cycle. What arrives is the reconciled movement of funds from the acquirer to the operator's bank account, not an estimate of what should have arrived.

How it flows

The elements involved.

TRANSACTION LIFECYCLEAuthorisationreserveCaptureconfirmClearingnettingSettlementT+1 / T+2Payoutnet fundsDeductionsInterchange · Scheme · MDR · FX= Net amount in the account
01
Authorisation → capture → settlement
Three distinct stages: reserve, confirm, move.
02
Clearing
The networks net positions between acquirer and issuing banks before funds move.
03
Settlement cycle and timing
Funds arrive on a cycle (commonly T+1 / T+2), governed by batch cut-offs, weekends and banking holidays.
04
Gross vs net settlement
Whether fees are deducted before payout (net) or billed separately (gross). It changes what lands.
05
Fees
Interchange (issuer), scheme fees (network), acquirer markup — together the merchant service charge.
06
Settlement currency and FX
Conversion and rate apply when transaction, settlement and account currencies differ.
07
Settlement files and reports
The structured records describing each payout and its transactions — the raw material for reconciliation.
08
Funding structure
One payout, or split funding across multiple properties, entities or merchant IDs.
Why it matters

Settlement is where cash-flow predictability and fee transparency live. Without a clear view of cycle timing and deductions, a property knows what it sold but not what it will receive or when — which makes forecasting and fee control guesswork.

Glossary

Key terms.

Capture
confirming an authorised amount for collection.
Clearing
netting between acquirer and issuer.
Settlement cycle (T+n)
days between transaction and funds arriving.
Interchange
the issuer's share of fees.
MDR / MSC
the total merchant fee.
Payout
the deposit of net funds to the bank account.

See what you actually receive.

Settlement determines the money that lands, and when. Talk to our team about your payout structure, or see how settlement timing and fees are made visible inside the platform.

Juno Financial Suite

In summary

Payment Settlement — the essentials

Quick facts

What it is
The movement of captured funds from the acquirer to the merchant's bank.
Cadence
Daily where the acquirer supports it; otherwise on the acquirer's payout schedule.
Currencies
Available through the configured acquirer — Worldline in Europe, the UK and Switzerland; Getnet in Latin America.

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Payment Settlement — questions answered

What is payment settlement?

Payment settlement is the movement of funds from the acquirer to the merchant's bank account after captured transactions have been processed by the card schemes. Authorisation and capture happen at the moment of payment; settlement happens later, when the acquirer pays out the captured amount — net of fees, refunds and any other adjustments — to the merchant. Keeping these events distinct is why hospitality finance teams reconcile the two: what was captured on the day is not necessarily what settled to the bank.

Related: Reconciliation

How often does Juno settle?

Settlement cadence follows the acquirer. Where the acquirer supports daily payouts, Juno customers can settle daily, so the gap between capturing a payment and receiving the funds is measured in a day or two rather than a week. Where the acquirer runs a different cadence, the merchant settles on that schedule. Because Juno feeds the same settlement data into the Financial Suite regardless of cadence, the reconciliation view is consistent.

Related: Juno Financial Suite

In which currencies can we settle?

Settlement currencies are available through the configured acquiring partner. Worldline covers Europe, the UK and Switzerland and settles in the currencies configured for the merchant in those markets; Getnet covers Latin America on the same basis. Because Juno consolidates both acquirers under one integration, a hospitality group operating across these regions can have multi-currency settlement without running each acquirer separately.

Related: Acquiring

Can we split settlement across entities?

Yes. Groups that operate multiple legal entities — for example a management company and individual property companies — can settle to the entity that owns each payment location, rather than pooling all captures into one account. The setup is configured with the acquirer as part of onboarding, and the Financial Suite reflects the same structure in its reconciliation and reporting output.

How does settlement integrate with reconciliation?

Settlement data flows directly into the Juno Financial Suite. Standard reconciliation compares the transactions Juno processed against the payouts the acquirer settled, and flags any mismatches, missing settlements or fee differences. Enterprise three-way reconciliation adds the property's bank statement, so what actually reached the bank is matched against what the acquirer said was settled — closing the gap where money can appear paid out but be delayed, short-paid or mis-posted.

Related: Reconciliation, Juno Financial Suite