Adjust your auto-settlement settings

Do you want more control over when your daily sales transactions are finalized and sent for processing? Helcim's auto-settlement feature gives you that flexibility.

While the default setting is 5:00 PM MT, you can easily customize this to align with your business's specific closing procedures. This article will show you how to manage your auto-settlement settings and why it's a valuable tool.

In this article

• Understanding auto-settlement

• Finding your terminal settings

• Adjusting your auto-settlement time

• Important considerations for auto-settlement

• Next steps

• FAQ

Understanding auto-settlement

Auto-settlement is the automated process of closing your daily batch of transactions and submitting it for settlement. This ensures that the funds from your sales are processed and transferred to your bank account.

While Helcim's default auto-settlement time is 5:00 PM MT, you have the flexibility to change this.

Finding your terminal settings

To manage your auto-settlement settings, you'll first need to access your terminal settings in your Helcim account:

1. Log in to your Helcim account.

2. Select All Tools, and then Payments.

3. Select Terminals.

This will display a list of your terminals and their current settlement times.

Adjusting your auto-settlement time

To adjust your auto-settlement time:

1. On the Terminals page, click on the specific terminal whose settings you want to change.  

2. Click Edit in the top right-hand corner of the screen.  

3. In the Batch Settlement section, toggle the Auto-Settlement option to "On".  

4. Use the drop-down menu to select your desired auto-settlement time.  

5. Click Save to apply your changes.

Important considerations for auto-settlement

• Manual Settlement: Even with auto-settlement enabled, you can still manually settle your batches at any time.  

• Auto-Settlement Disabled: If you choose to disable auto-settlement, Helcim will automatically close any open batches after 48 hours to prevent transaction loss from expired authorizations.  

Next steps

Now that you know how to adjust your auto-settlement times, here are some additional resources you can use to take control of your settlements.

• Learn about manually settling batches: If you need to settle a batch outside of your auto-settlement time, it's important to know how to do so manually.  

• Monitor your deposits: Keep an eye on your bank account to ensure that your settled funds are deposited correctly.