Get Settlement Cycle Details API gets the schedule options approved for your EasySplit account, which you can assign to your vendors.
You can define the schedule options for each vendor when you add the vendors. Our standard schedule option 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.
T+x*
Settlement cycle is subject to bank approval and can vary based on transaction type, business category/model, risk parameters, and other factors.
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.
Schedule Options
| ID | Description |
|---|---|
| 1 | T+1* settlement at 11:00 AM. |
| 2 | T+2* settlement at 11:00 AM. |
| 3 | All transactions from 4:45 PM T-1 to 10:45 AM T+0 settled at 11:15AM T+0, and, 10:45 AM T+0 to 4:45PM T+0* at 5:15PM T+0. |
| 4 | All transactions from 2:00 PM T-1 to 2:00 PM T+0 settled at 3:00 PM T+0. |
| 5 | All transactions till 5.30 PM at 6:00 PM. |
| 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. |
| 13 | T+1* settlement at 09:00 AM. |
| 14 | Instant settlement every 15 minutes 24*7. |
| 15 | T+3* settlement at 11:00 AM. |
| 16 | T+7* settlement at 11:00 AM. |
| 17 | Instant Settlement Every minute 24*7. |