You can define the settlement cycles for each vendor when you add the vendors. Our standard settlement cycle is T+1 working days, T represents the day of successful transaction. T+1 means that the payment will settle in your account the next day from the date of transaction, this excludes excluding bank holidays. If you select T+2, they payment will settle in your account two days from the date of transaction.
Apart from this you can settle the payments instantly using the On-demand settlements option. This option allows you to receive the unsettled amount to your bank account instantly 24x7 including holidays.
|1||T+1 settlement at 11:00 AM|
|2||T+2 settlement at 11:00 AM|
|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|
|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|
|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|
|8||Instant Settlement Every Hour 24*7|
|9||Instant Settlement Every 3 Hours 24*7|
|11||Weekly Every 1st Working day|
|12||Monthly Every 1st Working day|