Reconciling Credit Card Deposits with Payment Processor
Posted March 18, 2021
Below is the suggested process outlining the steps involved in reconciling deposits with the Payment Processor:
1. On the PCR Educator side, make sure that the settlement time matches the selected settlement time for deposits in your Payment Processor.
2. Confirm that the daily credit card deposit in PCR Educator Finance System matches the deposit in your Payment Processor.
Note: Because credit card transactions are immediately authorized, Payment Processors deposit them to your bank account as one deposit once a day. Thus, credit card deposits in the PCR Educator Finance system and in your Payment Processor should always match 100% and require minimum effort to reconcile.
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