How to process settlements on an Integrated Verifone T650p (mx51)

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Completing a settlement

A settlement is a process where a merchant will receive funds from the customer for a transaction. Your terminal will automatically settle at your selected settlement time each day unless you perform a manual settlement.


Auto Settlement

The terminal will automatically settle every day at your nominated settlement time. A default auto settlement time will be assigned if you haven’t chosen an auto settlement time. If you wish to change your auto settlement time, contact Till Customer Support here.


Manual settlement

From the Payment screen, tap Menu.

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Tap Settlements

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Enter Passcode



Tap Settle now

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Settlement report will display on-screen. Swipe up to scroll through the report, and your terminal will start a new settlement period.


Note: A settlement can only be performed once in a 24-hour period. You cannot settle between 8:30pm and 9:00pm (AEST).

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