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Auto CloseAuto close is a feature at the merchant's terminal that allows them to close each transaction batch at the end of each business day automatically. Auto close will be scheduled to occur at a certain time each day. This eliminates the need for the merchant to manually close the batch at the end of each business day.With the invention of auto close features, merchants save a lot of manpower and time closing their stores each day. They no longer have to take the time to close the transactions manually. They can use this time for more accurate counting of money and other business activities, allowing the credit card terminal to close the batch for them. It is important that this occur at a set time, and if the business has a closing time, it should occur after closing, so that all of the transactions for that day are included in the batch. More Glossary Terms Explained here |
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