Clover Feature: End-of-Day Auto Closeout
The auto-closeout feature in Clover is designed to simplify the end-of-day process for managing your credit and debit card transactions. Auto-closeout will automatically finalize your daily batch of transactions at the end of each business day. This process ensures that all your sales data is compiled into a batch and sent for processing without requiring manual close the batch.
Daily Processing: At the end of each day, the auto-closeout feature triggers the closing of your transaction batch. This includes all credit and debit card transactions, as well as any tips and captured pre-authorizations.
Submission and Settlement: Once the batch is closed, your transactions are submitted for clearing and settlement.
Bank Deposits: Funds are deposited into your bank account the next business day.
Adjusting Auto-Closeout Time
The default auto-closeout time is usually set to occur after your business closes for the day. However, you can adjust this timing if needed. Please contact Clover Support to change your auto-closeout time.