What are online payments?

FBO One supports taking offline and online payments. This article provides an overview of online payments using the integrated credit card processing functionality in FBO One.

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When FBO One software users submit online credit card transactions for authorization, the charges are approved by the processor immediately. Later, all the charges are automatically "batched" overnight. Batching simply means that all the authorized charges for one day are sent in a single "batch" to the processor(s) for final handling. The time between authorization and batching allows for adjustments to the transactions via the Void process. After batching, "settlement" occurs – the funds from the transactions, minus any processing fees, are queued for deposit to the merchant's account. Receiving payment for the transactions typically takes 24 - 48 hours, but may take longer for certain card types or if there is a bank public holiday.

Batching happens automatically, no user action is required. It is possible to review the current status of all credit card transactions via Menu / Administration / Payment / Online Payments.

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