Merchant Funding (Beta version)

Introduction

The Merchant Funding section is meant to make it easy to understand where your funds are at each stage of the merchant funding lifecycle. It clearly distinguish processing, scheduled, and funded amounts, and it eases your reconciliation between merchant funding amounts and bank account balances.

The lifecycle stages of the merchant funding are split into the following tabs:

• PROCESSING
• SCHEDULED
• FUNDED

As your payment transactions move through the lifecycle stages they will appear in the tab associated with their current state.

Additionally the Merchant Funding section provides a tab for your RESERVE (if applicable), where you can consult your latest reserve balance.

Access

You can find the Merchant Funding section in Nomupay's Portal, under the section Finance.

1. Log in to Nomupay's Portal.
2. Navigate to the 'Finance' section in the navigation bar on the left side.
3. Click on the 'Finance' drop-down list and click on 'Merchant Funding (Beta)'.

Merchant Funding Tabs

• The PROCESSING tab shows the gross amount of transactions that have been processed but not yet settled to Nomupay’s settlement account by the relevant card scheme or alternative payment method.

  The total transactions and total gross transaction value is shown. 

  

   

  All processing transactions are listed as line items.

  

   

  By selecting a line item you can view individual transactions and the transaction history.

  

   

  If required, the full list of processing transactions can be downloaded for more detailed analysis (see yellow highlight below).

  

• The SCHEDULED tab provides an overview of upcoming funding amounts. It is split into two parts:

  PENDING BANK CLEARANCE: The net amount of transactions that has been paid out by Nomupay, but where confirmation that the funds have been credited by your bank is still pending.

  

  By selecting a line item, a SUMMARY of the associated transaction types and fees for the relevant statement period is displayed.

  

   

  SCHEDULED MERCHANT FUNDING: The net amount of transactions scheduled to be paid out to your nominated bank account. This amount may change over time as sales, refunds, chargebacks, and other adjustments (such as applicable taxes and fees) are processed.

  

  There is no SUMMARY available for the SCHEDULED MERCHANT FUNDING as these amounts can, as stated above, still be subject to change.

• The FUNDED tab shows the net amount of transactions that have been successfully credited to your nominated bank account. 

  

   

  You can scroll backwards and forwards between calendar weeks:

  

   

  By selecting an amount for a given date:

  

  You can view a SUMMARY of the associated transaction types and fees for the chosen date:

  

   

  Additionally you can download different reports i.e.: 

  • Funding Statement (PDF), providing a summary view of all the transactions listed in the Funding Report for the chosen date.

  • Funding Report (CSV), providing a full breakdown of the underlying transactions for the chosen date

    

• The RESERVE tab displays the reserve balance you currently hold with Nomupay.