Payload supports different deposit batching options:
- Netted: All of a day's inbound payments, refunds, or outbound payouts are combined into one deposit or reversal. With this format, you will receive only one batch per day. For example, this $49,991 Reversal (debit from account) resulted from a $9 incoming payment and a $50,000 refund issued to a customer.
- Gross: Incoming payments are batched into one daily deposit, and outbound payouts are batched in one daily deposit. With this format, you can receive up to two batches per day. For example, this $50,560 deposit on January 8th includes includes five individual payments:
A separate reversal batch also processed on January 8th, for an outbound payment that was made:
- Itemized: each payment, credit, or refund will settle independently to your bank account. With this format, there is no limit on the amount of credits or debits on a daily basis. For example, if a mixture 20 payments, credits, and refunds are scheduled to settle to your account today, you will receive 20 individual credits or debits. For itemized deposits, you are also able to influence the descriptor on your bank statement - for example, the invoice number, property address, or other unique identifier.
To change your deposit format, please contact us.