What is the 'Capture Date'?

The 'Capture Date' refers specifically to the date when a transaction is processed for settlement. This marks the point at which the funds are officially transferred from the customer's account to the merchant's account after approval of the transaction.

This term is crucial in understanding the flow of payment processing, as it directly impacts the timing of fund availability for the merchant and the reconciliation process in accounting. The capture typically occurs after the authorization has been obtained but before the funds are settled and made available to the merchant.

In the context of payment transactions, recognizing the capture date is essential for accurate financial reporting, as it indicates when the business recognizes the revenue from the sale. It is a key element in ensuring that merchants and financial institutions can track transactions efficiently and maintain accurate records.