PayPal Settlement and Reconciliation System Guide
Introduction
PayPal’s Settlement and Reconciliation System offers merchants a quick, convenient and comprehensive way to reconcile credits and debits between their PayPal accounts and bank accounts.
Settlement and reconciliation typically involves synchronizing financial reports with completed bank deposits or other monetary transfers, to validate amounts transferred to your bank with the amounts recorded by your reporting tools. PayPal now offers you reliable settlement system that automatically verifies, records, reports and stores all of your daily transactions for accurate and efficient reconciliation of sales.
Previously, PayPal provided merchants and other high-volume account holders with the Downloadable History Log file, which was basically a snapshot of their accounts’ History Log activity. However, reconciliations had to be manually extracted and calculated from the log. The log file did not distinguish completed transactions from pending transactions. The Downloadable Log also contained multiple activity entries for single transactions, like eChecks. This problem no longer exists with this release of the PayPal Settlement and Reconciliation System.