Vendor Standard Settlements
You can settle your vendors as per Cashfree Payments standard settlement cycle.
The standard schedule option 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.
You can set the vendor schedule option while creating a vendor. The settlementCycleId value defines the vendor schedule option.
The standard schedule options are as follows:
|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 3 PM 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 a weekly basis opt for this cycle.|
|12||Monthly Every 1st working day. If you intend to settle your vendor account on a monthly basis opt for this cycle.|
Updated 24 days ago