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Razorpay gives you the flexibility to pick and choose how you want your Instant Settlements, based on your business needs.
ON-DEMAND SETTLEMENTS
Choose when you want your customer payment to transfer into your bank account. Settle with 10 seconds the needed amount from the settlement balance.
SAME-DAY SETTLEMENTS
For businesses that value consistent cash flow with no delays between sales and cashin hand, Razorpay will automatically settle all your payments at specific hours of the day.
1. Transactions successfully completed between 9:00AM to 4:59PM (same day) shall be settled to the Merchant bank account at 5:00PM on the same bank working day.
2. Transactions successfully completed between 5:00PM to 8:59AM (next day) shall be settled to the Merchant bank account at 9:00AM on the same bank working day.
Both Instant Settlements and Same-Day Settlements are available from Day 1 for most businesses with a few exceptions and limits. You will be able to settle unlimited amounts through both Instant Settlements and Same- Day Settlements if you satisfy the requirements og quality transactions for the first 50 days.
The charges will be deducted from the settlement amount itself unless you have free credits. You will get an option to see the pricing breakdown before you confirm On-Demand Settlement.
For Same-day Settlements, since all your payments will be settled on the same day the additional pricing will be charged on your payment gateway fee. You can confirm the pricing before you enable it from the dashboard.
Yes, you can switch back to your old settlement schedule by raising a support ticket here.
Same-day settlements are the same as normal settlements except that it’s settled at T+0. So you can find the settlements in the settlement report and combined report on the dashboard.
On-Demand Instant settlements are non-recurring payouts from your settlement balance, so such settlements will appear as payouts in settlement reports and combined reports.
Razorpay gives you the flexibility to pick and choose how you want your Instant Settlements, based on your business needs.
ON-DEMAND SETTLEMENTS
Choose when you want your customer payment to transfer into your bank account. Settle with 10 seconds the needed amount from the settlement balance.
SAME-DAY SETTLEMENTS
For businesses that value consistent cash flow with no delays between sales and cashin hand, Razorpay will automatically settle all your payments at specific hours of the day.
1. Transactions successfully completed between 9:00AM to 4:59PM (same day) shall be settled to the Merchant bank account at 5:00PM on the same bank working day.
2. Transactions successfully completed between 5:00PM to 8:59AM (next day) shall be settled to the Merchant bank account at 9:00AM on the same bank working day.
Both Instant Settlements and Same-Day Settlements are available from Day 1 for most businesses with a few exceptions and limits. You will be able to settle unlimited amounts through both Instant Settlements and Same- Day Settlements if you satisfy the requirements og quality transactions for the first 50 days.
The charges will be deducted from the settlement amount itself unless you have free credits. You will get an option to see the pricing breakdown before you confirm On-Demand Settlement.
For Same-day Settlements, since all your payments will be settled on the same day the additional pricing will be charged on your payment gateway fee. You can confirm the pricing before you enable it from the dashboard.
Yes, you can switch back to your old settlement schedule by raising a support ticket here.
Same-day settlements are the same as normal settlements except that it’s settled at T+0. So you can find the settlements in the settlement report and combined report on the dashboard.
On-Demand Instant settlements are non-recurring payouts from your settlement balance, so such settlements will appear as payouts in settlement reports and combined reports.