Batch settlement
Settlement of multiple transactions grouped together and paid out in one consolidated movement.
Batch settlement is the model where the acquirer groups all approved transactions from a window (often a day) and settles the net amount in a single movement, after fees, refunds and any reserves. The merchant receives one bank credit and a settlement file listing the underlying transactions, which then has to be broken apart for accounting and reconciliation. Most card processing in travel runs on batch settlement rather than per-transaction settlement.
What it means for travel businesses.
For travel, batch settlement compounds reconciliation work because a single bank credit can contain hundreds of bookings, refunds and chargebacks across different brands, currencies and channels. Without booking-level matching, finance has to open a spreadsheet to work out what arrived against which booking.
A daily batch is convenient for the acquirer but creates a daily reconciliation task for the merchant. On a heavy sales day the batch can carry hundreds of bookings across tens of brands and currencies, and without automated unpacking the work falls to whoever happens to be in finance at 8am the next day. That recurring task scales linearly with growth and never gets cheaper.
The travel businesses that handle batch settlement well treat unpacking as a system problem, not a people problem. Each transaction in the batch lands against the underlying booking the moment the file arrives, with fees and refunds split out automatically. The businesses that have not done this find themselves recruiting one extra reconciler for every new brand they add.
How felloh handles it.
felloh unpacks batch settlement files into per-booking detail automatically so finance can see which payments, refunds, fees and chargebacks make up each settlement without manual extraction.
The Merchant Acquirer and Settlement views in the dashboard open any batch and show the underlying bookings, fees, refunds and chargebacks. Each line ties back to the booking record it relates to, so a question about "what arrived against booking BK-24018" gets the answer in a single click rather than a manual file unpack.
For a multi-brand travel group reconciling batches across multiple acquirers, brands and currencies, the rollup happens automatically. Finance opens the morning to a clean picture rather than spending the first three hours of the day rebuilding it from spreadsheets.
Related terms.
Settlement
The movement of processed payment funds into the merchant account or bank account.Read termGlossary termGross settlement
Settlement where the full transaction value is paid out before fees are deducted separately.Read termGlossary termNet settlement
Settlement where the acquirer deducts fees, refunds and reserves before paying the merchant.Read termGlossary termAnticipated settlement date
The expected date a processed payment will arrive in the merchant bank account.Read termGlossary termBack-office reconciliation
The process of matching payment activity, settlement and booking records so the finance picture is consistent.Read termSee how this works around your bookings.
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