Vendor On-Demand Settlements

With vendor On-Demand settlements, merchants can settle the unsettled vendor balances to their vendor bank accounts instantly 24*7, including holidays.

Merchants 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.

To initiate vendor On-demand settlement,

  1. Go to Payment Gateway Dashboard > Easy Split - Vendor > click Settle Now.
  2. In the Vendor On-Demand Settlement screen, select the transaction range (Start Date, Start Time, End Date, and End Time) within which you wish to settle the vendor balances and click Search.
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  1. The on-demand settlement details are displayed. Verify the vendor details, and click Settle Now.
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  1. You will get a vendor settlement initiation confirmation along with the on demand request ID and settlement ID.
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Merchants 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 merchant dashboard.