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What's the difference between the Settlement Statement and an MT103?

The Settlement Statement is a PDF statement that Checkout.com provides, which includes the details of a given settlement we have paid out to your bank account. 

An MT103 is a standardized SWIFT message generated by the sending bank for a specific transaction. It instructs the transfer of funds from one customer to another, often between different banks. 

MT103s are widely accepted as proof of payment and contain detailed information about the transaction, including the date, amount, currency, sender, and recipient.

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