Subj:
Credit Card Settlement
Robert
asked 'When you use a third-party
merchant account for settlement
when do they actually "settle"
with the credit-card? If not
at order time, what "triggers"
them to do the settlement?'
Depends
on your processing model, which
is established by your merchant
account provider, based on who
they use as a third-party payment
processor.
Also
depends on what you sell--if
you sell goods that are 'immediately
fulfilled' (software, porno,
etc.), then you can generally
mark transactions for settlement
and submit them simultaneously.
Otherwise you probably have
to either mark them for settlement
manually, or submit them for
settlement manually.
First
and foremost, however, your
processing model sets the options
available to you. CyberCash
has a lot of excellent documentation
available on all of this, and
I think you can get it for free
from their site (www.cybercash.com).
--WebGunForHire,
04/00
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