Vendor Standard Settlements
Merchants can settle their vendors as per Cashfree Payments standard settlement cycle.
The standard settlement cycle in Cashfree Payments is T+2 days, where T is the date of the transaction. For instance, if the transaction takes place on a Monday, the settlement is credited to the vendor account on Wednesday. The standard settlements happen only on bank working days.
Merchants can set the vendor settlement cycle while creating a vendor. The settlementCycleId value defines the vendor settlement cycle.
The standard settlement cycles are as follows:
| Settlement ID | Description |
|---|---|
| 1 | T+1 settlement at 11:00 AM. |
| 2 | T+2 settlement at 11:00 AM. |
| 4 | All transactions from 2:00 PM T-1 to 2:00 PM T+0 settled at 3PM T+0. |
| 5 | All transactions till 5.30 at 6. |
| 11 | Weekly Every 1st working day. If you intend to settle your vendor account on weekly basis opt for this cycle. |
| 12 | Monthly Every 1st working day. If you intend to settle your vendor account on monthly basis opt for this cycle. |
Updated 20 days ago