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.
The elements involved.
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.
Knowledge
Payment Settlement — questions answered
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.
Frequently asked questions
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