How to perform a settlement cutover

By October 15, 2019 October 22nd, 2019 Help Articles, User Guides

When you perform a settlement cutover, it prompts your terminal to ‘cutover’ and prints a receipt for the current settlement period showing your ‘settlement total’. This is the total value of EFTPOS transactions processed in that settlement period. Your settlement totals will reset to $0.00 and any transactions processed after this point will be included in the next day’s settlement totals.

Verifone network

  1. Select Menu
  2. Scroll down and select Settlement
  3. Select Cutover
  4. Cutover? No / Yes will be displayed
  5. If Yes is selected the terminal will perform a cutover and print a settlement receipt
  6. If No is selected the terminal will return to the idle screen

Paymark network

  1. Scroll down and select Settlement
  2. Select Cutover
  3. Cutover? No / Yes will be displayed
  4. If Yes is selected the terminal will perform a cutover and print a settlement receipt
  5. If No is selected the terminal will return to the idle screen

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