End Of Day Settlement to Corpay

Delivery Method & Timing

The EOD settlement report will be delivered via SFTP every weekday at the time and location determined during initial implementation. Reach out to support if you would like these updated.

What's on the Report?

All payments that will require settlement with our processor.

If a payment is created at 3:59 PM and funds were debited from your customers account and deposited into the settlement account then it will show on the EOD report that day, if you receive the report at 4:00PM. If the funding occurs after the report is delivered, then it will be available on the next report.

Action to take:

1. Review EOD settlement report & RETURNED report

   1. Returned report should contain any funds debited due to error, user rejection, or beneficiary bank rejection(returns) that need to be returned to the customer originating account.

2. Compare and ensure accuracy with the settlement account

   1. Notice a discrepancy? Please reach out to PayRecs support

3. Wire settlement amount to Corpay utilizing the instructions provided during initial training