This process includes initially
This process involves the merchant obtaining authorization to hold a customer’s funds, Solidgate communicating with the acquirer to process the transaction, and the merchant settling the transaction.
authorizing funds
and settling after verifying the transaction, effectively reducing the risks of payment returns. It starts with initiating the payment, followed by encryption and fraud checks, authorization by the issuing bank after a detailed check. It ends with clearing and settlement stages, transferring funds from the customer’s account to the seller’s account.
Automatic payment completion is a key function for efficient payment processing, especially if the settle_interval
parameter and auth
type are specified in payment requests.
Before beginning payment processing, merchants should configure the necessary settings and parameters to govern transaction flow and processing. These configurations ensure that transactions are secure and adhere to established standards.
Defining the payment_type
of transaction as either customer-initiated (CIT) or merchant-initiated (MIT) is important for determining the maximum settle interval for VISA payments. In addition, the type of card brand, such as Visa, may dictate specific checks that must be applied to ensure that all transactions meet the defined limits and rules the payment network sets.
If the first transaction attempt to complete the payment
fails
, the system retries up to six times within
24
hours, every
4
hours, regardless of the settle_interval
. Our auto-calculation process starts 3 minutes before the settle_interval
and continues for
24
hours if needed.
For orders with an incomplete fund authorization and a processing
or 3ds_verify
Understand payment states and types to implement correct business logic.
status
, the settlement process is put on hold for up to
2
hours, with a maximum of two such delays. If the authorization remains pending after these delays, the system will wait until the authorization is completed before initiating the settlement.
Usage terms
- Setting
type
:
auth
is mandatory for authorization transactions; if not specified,charge
will automatically be set. - Define the
payment_type
of the transaction as CIT/MIT to understand the maximum value. settle_interval
should not be set as null; otherwise, manual intervention must be completed.
Transactions with one or more canceled operations will not be automatically completed, ensuring that only valid and complete transactions are processed.
Settlement terms
- CIT Visa payments: Maximum 240 hours (10 days).
- MIT Visa payments: Maximum 120 hours (5 days).
If the transaction is MIT and the specified settle_interval
exceeds
120
hours, like for CIT, it will be adjusted to
120
hours, consistent with the limits for merchant-initiated Visa payments.
- Other payment systems: Maximum 144 hours (6 days).
If card brand information is available and identifies the card as non-Visa, and the settle_interval
specified exceeds
144
hours, the maximum settlement interval will still be limited at
144
hours.