How to generate Merchant Settlement Report in Hike Pay?
The Merchant Settlement Report provides a detailed summary of your Hike Pay settlements, including daily deposits, transaction fees, card-type breakdowns, and overall settlement totals. This report can be downloaded as a PDF for reconciliation and accounting purposes.
Why Use This Report?
The Merchant Settlement Report can be used to:
- Reconcile Hike Pay deposits with your bank account.
- Review daily settlement activity.
- Monitor payment processing fees.
- Analyse transaction volumes by card type.
- Support accounting and bookkeeping processes.
- Assist with financial reporting and auditing requirements.
Tip: Download and retain your settlement statements regularly to maintain accurate financial records and simplify end-of-month reconciliation.
How to Download the Merchant Settlement Report
- From the left-hand menu, click HikePay.
- Select the Reports tab.
- Under Payouts, click Download Statement.
- Choose the required statement period.
- Click Download.
Information Included in the Report
Statement Details
This section contains key information about the generated statement, including:
- Merchant Identifier – Unique identifier assigned to your Hike Pay account.
- Statement Period – Date range covered by the report.
- Created On – Date the statement was generated.
- Currency – Currency used for all settlement amounts.
Summary of Settlement Deposits
It provides a day-by-day overview of your settlement activity, including sales, refunds, fees, and the final amount deposited into your account.
| Field | Description |
|---|---|
| Settlement Date | Date the settlement was processed |
| Purchases | Total value of sales amount |
| Surcharges | Total surcharges collected |
| Refunds | Total value of refunded transactions |
| Net Sales | Sales amount minus refunds |
| Fees | Processing fees deducted |
| Total Deposited | Final amount deposited into your account (Net Sales minus Fees) |
This section helps reconcile daily deposits received from Hike Pay.
Cost of Acceptance
This report breaks down transaction processing costs by card type, helping you understand the fees associated with accepting different payment methods.
| Field | Description |
|---|---|
| Card Type | Card network used (e.g., Visa, Mastercard, Amex) |
| TXNs # | Number of transactions processed |
| TXNs $ | Total transaction value |
| Effective MSF % | Effective Merchant Service Fee percentage |
| Total MSF $ | Total Merchant Service Fees charged |
| Share of Sales % | Percentage contribution to total sales |
| Fixed Fees $ | Fixed transaction fees applied |
| Cost per Transaction % | Average cost per transaction |
This section helps you understand the processing costs associated with each payment method.
Totals
It displays an overall summary for the selected statement period, including total net sales, fees charged, deductions, and any outstanding amount due.
| Field | Description |
|---|---|
| Net Sales | Total sales after refunds |
| Total Fees (Including GST) | Total processing fees charged |
| Total Debited From Your Balance | Total fees deducted from settlements |
| Amount Due (Including GST) | Outstanding amount payable, if applicable |