Vendor Instant Settlements
Merchants can settle their vendors as per Cashfree Payments instant settlement cycle.
Merchants can set the vendor settlement cycle while creating a vendor. The settlementCycleId value defines the vendor settlement cycle.
The instant settlement cycles are as follows:
Instant Settlement 24 *7
| Settlement ID | Description |
|---|---|
| 8 | Instant Settlement Every Hour 24*7. |
| 9 | Instant Settlement Every 3 Hours 24*7. |
Prerequisites to enable 24*7 cycle:
- Merchant should be enabled on merchant IS - risk and finance check will be performed at merchant level.
- IS limit should be configured for the merchant.
- Markup rate for non-banking hour settlement should be set for the merchant.
- Instant settlement limit is defined at merchant level, Instant settlement limit = Merchant IS + Vendor IS
- When the IS daily limit is breached, the settlement for the merchants (both merchant IS and vendor IS) will be limited till new limit is refreshed the following day.
Vendor instant settlement within banking hours
| Settlement ID | Description |
|---|---|
| 3 | All transactions from 4:30 PM T-1 to 10:30 AM T+0 settled at 11AM T+0, and 10:30 AM T+0 to 4:30PM T+0 at 5:00PM T+0. |
| 6 | Instant settlement every hour between 7:00 AM and 5:00 PM on working days. |
| 7 | Instant settlement every 3 hours between 8:00 AM and 5:00 PM on working days. |
Updated 18 days ago