Note: At the time of publication, Finix is redesigning the user interface of the Dashboard. Some functions or features may look different. Check back for updates. This document uses mock data from Finix's sandbox environment. 

Part of the payments lifecycle is the settlement process. A settlement is a collection of transfers that are batched and then paid out to a merchant. 

Managing settlements 

Depending on the payout plan, settlements are batched per custom configurations. You can use either Finix APIs or the Dashboard to manage your settlements. 

View settlement details 

You can view the details of a settlement under the TRANSACTIONS or REVIEW header on the Dashboard. 

• The TRANSACTIONS header lists all the settlements that are awaiting approval or are already approved. You can click on the settlement link to view the following information: 
  • General Info. This tab displays information such as: 
    • Settlement total: the gross total of the settlement. 
    • Net Settled: the total settlement amount minus fees.
    • Total Fees: the total amount of fees.
  • Transfers. 
  • Funding Transfers. 
• The REVIEW header lists settlements awaiting rejection or approval as well as previously rejected settlements. You can click on the settlement link to view the following information: 
  • Settlement info. 

Review and remove transfers from the settlement batch 

On the Dashboard, you can review and remove transfers from a settlement batch. This action is not available for approved settlements. To review and remove transfers: 

1. Navigate to the TRANSACTIONS header. Click on Settlements. 

2. Click on a settlement ID. Click the Transfers tab on the top navigation. This page displays all the transfers in the settlement. The default filter is set to DEBIT. You can close out of this filter by clicking on the X on the filter. 

To view transfers, click on the TRANSFERS tab on the top navigation. To view fees, click on the FEES tab on the top navigation. 

4. To remove a transfer, check the box inline with the transfer ID. Navigate to the drop-down at the bottom of the page. Select the Remove from Settlement option. Click the Submit button. 

5. A pop up modal appears asking you to confirm your actions. Click the Remove Transfers button to confirm your actions. 

6. A success message appears at the top of the page and the selected transfer(s) are removed from the settlement. 

Create a settlement

On the Dashboard, you can create a settlement for an identity. To create a settlement:

1. Navigate to the PEOPLE header. Click on Identities. 

2. Click on an identity ID. Click on the Settlements tab on the top navigation. This displays the associated settlements. 

3. Click on the Create Settlement button to create a settlement. If applicable, click on the appropriate Identity, currency type, and processor. Click the Submit button to create a settlement. 

Reject or approve a settlement

On the Dashboard, you can review and approve or reject settlement(s). All settlements are in the pending state until they get approved or rejected. The settlements are categorized into the Pending, Rejected, or Approved tabs depending on their status. To approve or reject a settlement(s): 

1. Navigate to the REVIEW header. Click on Settlements. 

2. The landing page displays all the pending settlements (Pending tab) that have not been paid out yet. The pending tab includes settlements that are: 

• Pending and awaiting approval or
• Rejected and awaiting approval

On this page, you can either approve or reject a settlement(s). Select the settlement and click the box inline. Multiple settlements can be selected. Repeat this for all the settlements you want to approve or reject. 

3. Navigate to the drop-down at the bottom of the page. Select the appropriate action. Click the Submit button. 

4. A pop up modal appears asking you to confirm your actions. Click the Yes button to confirm or click the No button to cancel and close out of the modal. 

5. A success message appears at the top of the page.  The settlement(s) are moved to the appropriate tab at the top of the page.