Get Settlement Cycle Details API gets the settlement cycles approved for your EasySplit account, which you can assign to your vendors.
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 the successful transaction. T+1 means that the payment will settle in your account the next day from the date of the transaction, this excludes excluding bank holidays. If you select T+2, the payment will settle in your account two days from the date of the 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|