Settlement
The Settlements module is designed to manage how your funds are resolved into your account.
Settlement Types
The system supports two distinct settlement modes to accommodate different business needs;
- Instant settlement
- Daily settlement
Instant Settlement
Instant settlements process payouts immediately after successful payment fulfillment. This mode is ideal for situations that require real-time fund disbursement. While it minimizes the accumulation of pending settlements, it does come with higher processing overhead due to the handling of individual transactions.
Daily Settlement
Daily settlements aggregate all paid invoices from the business day and process consolidated payouts at the end of the day. This method requires a dedicated end-of-day processing window, starting from 11 PM until the settlement is completed
Automatic Retry Mechanism
Our system features a robust retry mechanism for failed settlements. The first retry occurs immediately after a failure, followed by a second attempt after 15 minutes and a third attempt after one hour. If the settlement continues to fail, we schedule subsequent retries every four hours for up to 24 hours. We thoroughly log each retry attempt and track the status of failed settlements. Additionally, we generate system alerts after multiple failures to ensure that you receive proper attention for any persistent issues.