Vendor On-Demand Settlements
With vendor on-demand settlements, you can settle the unsettled vendor balances to your vendor bank accounts instantly 24*7, including holidays.
You can settle the balance to a vendor on-demand from the merchant dashboard or through the Settle On Demand Vendor Balance API. The on-demand settlements are processed through RTGS/IMPS rails. Cashfree Payments levies a small fee - On Demand Service Charge to process these settlements.
There are two types of On-demand settlements in Easy Split,
- On-demand settlement based on interval
- On-demand settlement based on the amount
Initiate On-Demand Settlement Based on Interval
- Go to Payment Gateway Dashboard > Easy Split > Vendors > Settle Now.
![On-demand settlement based on the interval](https://files.readme.io/eeff8e2-Screenshot_2023-08-14_at_3.22.51_PM.png)
On-demand settlement based on the interval
- Mention the Start Date & Time, End Date & Time and click on Search.
![Vendor On-Demand Settlement](https://files.readme.io/62bf751-Screenshot_2023-08-14_at_3.24.55_PM.png)
Vendor On-Demand Settlement
- The related On-Demand settlement will be shown. Verify the vendor ID, the settlement amount, and the settlement time. Once done, click Settle Now.
![Vendor On-Demand Settlement Settle Now](https://files.readme.io/7ab3589-Screenshot_2023-08-14_at_3.36.52_PM.png)
Vendor On-Demand Settlement Settle Now
- You will now get a message that your On-demand settlement has been initiated successfully.
![Vendor On-Demand Settlement Initiated Successfully](https://files.readme.io/51b9e0a-Screenshot_2023-08-14_at_3.46.57_PM.png)
Vendor On-Demand Settlement Initiated Successfully
You can settle vendor balances on-demand only if:
- The vendor balance is greater than or equals Rs. 1000.
- Transactions are processed at least 15 minutes before initiating on-demand settlements through API.
- Transactions are processed at least 1 hour before initiating on-demand settlements through the merchant dashboard.
Initiate On-Demand Settlement Based on Amount
- Go to Payment Gateway Dashboard > Easy Split > Settlements > On-Demand > Settle to Vendor.
![Easy Split - On-Demand Settlements](https://files.readme.io/b743a87-Screenshot_2023-08-10_at_5.15.24_PM.png)
Easy Split - On-Demand Settlements
- In the "Create On Demand Settlement to Vendor" pop-up, enter the vendor ID to which you must settle. Choose the Debit Account, you can either choose to debit from your unsettled balance or debit from your vendor's unsettled balance.
- Enter the withdrawal amount, add tags if needed and click Transfer Balance.
![On-Demand Settlements Transfer Balance](https://files.readme.io/684fbd9-Screenshot_2023-08-11_at_12.41.08_PM.png)
On-Demand Settlements Transfer Balance
- Once done, you will receive a message stating the On-Demand Settlement was initiated successfully.
![On-Demand Initiated Successfully](https://files.readme.io/6c210b6-Screenshot_2023-08-11_at_12.45.34_PM.png)
On-Demand Initiated Successfully
You can view all your On-Demand Settlements from the On-Demand Settlements home page.
![On-Demand Settlements Homepage](https://files.readme.io/5973dec-Screenshot_2023-08-11_at_12.54.07_PM.png)
On-Demand Settlements Homepage
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Updated 17 days ago