As a merchant using BCA EDC machines, it’s crucial to understand the settlement process to ensure accurate recording of transactions and smooth fund deposits into your account. This not only keeps your business finances in order but also provides assurance that all transactions are processed correctly.
The settlement process is straightforward when you know how to do it. Let’s dive into settlement and how to settle on BCA EDC machines!
What is Settlement?
Settlement involves the merchant instructing BCA to credit funds from payment transactions to the account. These payments can be from debit/credit cards, QRIS, or Flazz transactions.
How to Settle on EDC BCA
There are several types of BCA EDC machines, each with specific settlement processes. It is essential to familiarize yourself with the operational method of your machine.
To settle transactions on a BCA EDC machine, please check the information below.
Please note:
- Payment process H+1 (calendar day) for each transaction with the condition of making settlement before 22.00 WIB every day.
- If the merchant does not make settlement, the EDC cannot be used the next day. There will be information on the EDC to make settlement first.
- If settlement is made after 22.00 WIB, payment to the merchant will be made H+2.
- Payment to the merchant is based on the calendar day.
To better understand how to operate BCA EDC machines, click here