Clearing & Settlement

iStock_000046973292_Large - CROPPEDPlanet Payment deploys a single, currency-neutral platform supporting acquirers, processors and merchants across multiple countries and regions. Our proprietary Merchant Accounting System offers robust clearing and settlement services with an inherently flexible, portable and scalable architecture. Consider some of the key functionality of our merchant accounting system:

  • Full multi-currency enablement and support of in-country processing, including
    • Host-driven exchange rates that can vary by region, and by merchant
    • Per-transaction FX markup methodology
    • Flexible exchange rate sourcing
  • Multiple language support for acquirers and merchants, including Mandarin and Cantonese
  • Clearing of Visa, MasterCard, American Express and JCB
  • Intra-country (domestic), Intra-regional and Inter-regional interchange support
  • Flexible merchant pricing structures, including Bundled, Unbundled, Pass Through, 2-Tier and 3-Tier Pricing
  • Online Exception and Chargeback management tools
  • Best-in-class online reporting and reconciliation portal, and exception and chargeback management tools for acquirers, processors and merchants across all verticals
  • Reporting includes Seven-level acquirer hierarchy and Six-level Merchant Chaining, across regions, markets, and currencies