How are payouts from your acquirer handled?

Paymatch Lite helps you keep track of the payouts from your acquirer. You can import and book payments from your acquirer straight into the cashbook in you accounting system.

Payout lines can be imported individually or pooled as a total for the payout report.
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When importing in pools, the report is handled a collective payout. This is handled in three postings.

In the shown example, the first line is the actual amount that has been transferred to your accounting system, which is to be reconciled with the bank.

The second line is the collective sum of card fees, which has been deducted from the payout. This is posted on a fee account.

The third line is the sum of all card payments and fees, which is included in the payout report. The counter account for this is the receivable account for your acquirer.

When importing individual lines the individual payments are specified from the payout report.

The first line is the actual amount that has been transferred to your accounting system, which is to be reconciled with the bank.

The second line is the collective sum of card fees, which has been deducted from the payout. This is posted on a fee account.

The following lines are individual payout lines for each card payment, that your acquirer has withdrawn. The counter account for this is the receivable account for your acquirer. On each payment line the reference from your acquirer is inserted.

Note, that the reference that is set, is defined in the interplay between your gateway and your acquirer, and doesn't necessarily match the order number from your webshop. When using Paymatch Lite only data that derives directly from your acquirer's report is imported.

Article keywords: Acquiring