When you use a Soldo card, each payment goes through multiple stages. You’ll first see it as an authorised transaction, then later as a settled transaction. Knowing the difference helps you understand your balances and gives you clearer visibility of your company spending in real time.
What are 'authorised' transactions?
An authorised transaction is a payment that’s been approved by the card provider, but the money hasn’t left your Soldo account yet. It’s also known as a pending transaction.
Authorised transactions:
- Show the amount that’ll soon be taken from the wallet linked to the card
- Help you track spending as it happens so you can manage cash flow in real time
- May stay pending for a short time, usually until the merchant completes the settlement
The authorisation date can help you tell apart similar transactions made on different days, such as two coffee purchases from the same retailer.
What are 'settled' transactions?
A settled transaction is the final amount charged for a payment. Once it’s settled, the money has left your Soldo account and the transaction is complete.
Settled transactions:
- Are the final values that appear in your exports and accounting reports
- Drive reconciliation because they reflect the actual amount paid
- Replace the authorised version once the merchant submits the final charge