JavaScript is disabled. Some features may not work. You can also read the static version: View text version

ACH Debit Collections

ACH Debit Collection is the sum of all confirmed ACH debits for a given charge date, received on a given value date. You can review these in the dashboard.

Merchants using their own NACH utility code can review ACH Debit Collections in the dashboard and API.

ACH Debit Collection is the sum of all confirmed ACH debits for a given charge date, received on a given value date. Charge date means the scheduled date of the ACH debit. Value date means the date on which the funds were actually collected (this can be one or more working days after the charge date, if the destination bank extended the debit response).

ACH Debit Collection helps you to reconcile aggregate credits in your bank account against individual debits from your customers.

If your NACH utility code is mapped to your own bank account (the Creditor Bank Account), you'll receive these funds directly from the sponsor bank. You should see a line item in your bank statement exactly matching this amount on or after the value date.
If your NACH utility code is mapped to LotusPay's account, we'll receive these funds before paying them out to you. Each ACH Debit Collection is paid out as a Settlement. Note: This activity ceased on 30 September 2021.
For legacy activity on LotusPay's NACH utility code, you'll see Settlements only. You will not see any ACH Debit Collection. Note: This activity ceased on 30 September 2021.

For example: If you have only two confirmed debits, each of Rs 100, received on value date 1 January 2023, you'll have an ACH Debit Collection for Rs 200 with value date 1 January 2023. You should check your bank account statement on 1 January 2023 or 2 January 2023 and you'll see this amount credited by the sponsor bank.

You can review your utility code mappings in your NACH Profiles in Settings > Company Settings.

To review your ACH Debit Collections, go to Dashboard > ACH Debit Collections and select the item that you want to review. You can apply filters or search parameters by clicking on the green filter icon on the top right of the table.

In the individual ACH Debit Collection page, you can review its details as well as view and export a reconciliation report of all the debits contained therein.