Settlement Report

Overview

What is a settlement report?

The settlement report provides:

  1. An aggregate view of daily funding activity.
  2. A detailed csv of underlying transactions and refunds.

Typically, all settled transactions are funded by Bread on a daily basis. After transactions are settled, funds are expected to appear in your account within 2-4 business days via ACH.

When is the report available?

Settlement reports are updated daily at 6 PM ET.

Where can I, as the merchant, access the report?

Settlement reports are accessible through the Bread merchant portal.

Which data and funding sources will the report include?

Settlement data after May 2017 is available at this time, and reports will only include days with at least one settlement. Funding sources include Bread and credit/debit card transactions if Bread’s split-pay feature is enabled.

Accessing the Report

To access daily settlement reports, visit the Bread merchant portal and navigate to the settlement report tab. Click ‘Export Detailed Report’ to export a csv of the underlying line-by-line transactional details.

Use the drop-down on the upper right to view your settlement history for various date ranges. Filter settings that are applied to the daily report will be applied to the detailed report csv.

Daily Funding Activity

The daily settlement report shows the total settled amount sent to your bank account from Bread and also from Bread’s credit/debit card partner, Stripe. Bread and credit card amounts appear separately in your bank account and are net of fees and refunds.

If you do not have the split-pay feature enabled, you will only see Bread funding information. If you have split pay enabled, you will see card funding information as well:

Detailed Settlement Reports

The detailed settlement report (csv) provides line-by-line transaction details for ‘Settle’ and ‘Refund’ events. These details include the amounts settled, fees paid to Bread, any refunds, and the total amount deposited to your account for each transaction.

Net settlement amounts for credit cards do not include refunds. Refunds may account for a discrepancy between a credit card amount which is less than the amount posted to your account.

Detailed Settlement Report (csv) Reference

Requested Date Date the money transfer was requested and the transfer was initiated to your bank account.  The effective date is typically 2-4 day after the requested date.
Name The customer name associated with the transaction.
Bread Transaction ID Transaction ID which is given to the order in Bread’s system.
Order ID ID which is given to the Bread order in your OMS and matched to the transaction in Bread’s system.
Event Type SETTLE or REFUND event which caused transfer of funds. REFUND OUTSTANDING indicates the refund for that particular transaction has resulted in an outstanding refund amount owed to Bread.
Outstanding Credit Card Amount (net of fees) The outstanding credit card amount for a transaction. This only occurs if there is a balance in the ‘Aggregate Outstanding Credit Card Amount’ column. If this amount is positive, there is a credit card payment that will be added to offset any negative outstanding credit card balance. If this amount is negative, this outstanding refund amount will be added to your outstanding credit card balance.
Aggregate Outstanding Credit Card Amount The balance of your Stripe hosted credit card account. If the balance is negative, there is an outstanding credit card balance owed to Bread. Incoming credit card payments will offset this balance until it reaches $0. If the amount is $0, there is no outstanding credit card balance. If the amount is positive, the balance will be paid to the merchant in 1-2 business days.

 

Settlement Reference

Effective Date Date the funds are expected to appear in your account. There may be a variance of 1-3 business days.
Transaction Count Number of settled transactions.
Total sales Total sales from settled transactions.
Bread Amount Total amount of money collected by Bread (via loan origination) on that day.
Bread Fees Total amount of the loan portion assessed as fees for the loan portion of day’s transactions.
Bread Refund Total amount of loan-based money refunded on that day.
Bread Fees Refunded Total amount of fees returned to you due to a loan-based refund.
Example: A loan-based transaction was for $1,000.  You, the merchant, were assessed a 3% Bread fee, or $30, receiving $970 for the transaction.  If you refunded $100 on that loan, Bread will take back $100, but give you $3 in fees. Therefore, you would receive $900 – $27, or $873.
Net Bread Refund Total amount of the refunds for the day minus any fees returned from the refunds.
Net Bread Amount Net amount of money transferred to your bank account from Bread after factoring in all settles, refunds, fees, and fee refunds.
Credit Card Amount Total amount of money settled on split pay transactions. 
Credit Card Fees Total amount of fees settled on split pay transactions.
Net Credit Card Refund  Net amount after factoring any fees that were refunded on a day’s payout.
Net Credit Card Amount Net amount transferred to your bank account from Stripe.