What are Settlement Descriptors?
Settlement descriptors are the entries that appear on your business’s bank statements when funds are settled.
What you’ll see:
For Australia, US, and NZ card transactions: Settlements will appear as: `ezyCollectPay_xxxxxxx` where "xxxxxxx" is a unique, auto-generated ID.
For Australia bank transfer transactions: Settlements will appear as: `XX.xxxxxx EZYCOLLECT PAYOUT <Payout Date> - <ORG_NAME>
Here, "XX.xxxxxx" is an auto-generated ID.
What are Statement Descriptors?
Statement descriptors are the entries that appear on your customer’s bank statements after a successful payment or refund.
What your customers will see:
Statement descriptors consist of two parts, separated by an asterisk (*):
Prefix Descriptor:** Fixed as “EC”
Dynamic Descriptor:** Your business/supplier name
Example: `EC*YOURBUSINESSNAME`
Important Notes:
While ezyCollect provides a standard format for settlement and statement descriptors, some banks may override this format based on their internal policies.
Descriptors are limited to 22 characters in total. Any characters beyond this limit will be truncated.