API ReferenceIntegrationsKnowledge Base

Settlements

Settlement is the amount you receive for the payments made by your customers for a particular product/service. There are a number of entities involved in the settlement process.

Settlements are made to the bank account that you submitted to us as a part of KYC verification. Note:
There is no need for manual intervention in settlements.

Settlements are not made on a payment by payment basis. Instead, all captured payments are settled to your settlement account in bulk according to your settlement schedule.

For example, if your settlement schedule is T+5, all payments captured today are settled to your settlement account 5 days from today.

Refer to our Settlement guide to see how settlements work.

Settlement on Hold#

Your settlement can be placed on hold if there are some risk issues with your payments or with your Razorpay account. You are notified of this on your Dashboard as shown:

To enable settlements for your account, click View Details and select Contact Support to get in touch with the Razorpay Support team.

View all Settlements#

Log into your Razorpay Dashboard and click Settlements.

Here, you find a list of all settlements linked to your account. You can view information like the Amount transferred to your settlement account, Fees and Tax, if any, the date and time the settlement was created and the Status of the settlement.

Note:
Fees shown here is the fee deducted by Razorpay + tax.

Click View Settlement Cycle for a detailed view of your settlement schedule.

Settlement States#

A settlement transaction can have the following status:

Created'
The settlement amount is being processed by our nodal banking partners and shall be credited on the same working day.
Processed
The settlement amount has been successfully credited into your account.
Failed
The settlement to your account has failed. This could be due to various reasons such as your bank account being inactive or frozen, incorrect bank account details or because a settlement was rejected by your bank. When a settlement fails for any of the reasons mentioned above, an email is sent to your registered email address. Reply to the email with the required details. You may verify your bank account details and change them, if required, from the My Account section of your Dashboard. If you do not receive an email from us, you can raise a request from our Support Portal.

Settlement Breakup#

  1. Log into your Razorpay Dashboard and click Settlements.

  2. Click Breakup against a Settlement Id to view detailed breakup of the settlement. The details display in a pop-up window.

The breakup window has four columns:

  • Component - The various categories for the breakup.
  • Amount - The amount correspondingly to the respective component.
  • Count - Number of transactions for each component.
  • Type - Type of transaction, Credit or Debit.

Details of a settlement are broken down into the following components:

Payment
The total payment amount that is being settled before deductions.
Adjustment
Adjustments to transactions, if any.
Tax
Tax deducted on the payment.
Fee
Fees deducted by Razorpay for the transactions.
Transfer
Transfers made, if any. Transfers are payouts made to your linked accounts.
Reversal
Reversals made, if any. Reversals are refunds you have issued to your customer.

In the above screen print, amount settled to your account = Payment - Adjustment - Tax - Fee - Transfer + Reversal.

Amount Settled = 18012.00 - 6.00- 65.56 - 364.24 - 40.00 + 11

Amount settled = 17547.20

Settlement Details#

  1. Log into your Razorpay Dashboard and click Settlements.

  2. Click on a settlement ID. Details of the settlement displays on the right. Click Show/Hide beside Breakup to view the details for the settlement.

Settlement Reports#

The Settlement Recon report helps you with reconciliations of settlements. The report contains transactions and the corresponding settlement Ids. You can download this in the monthly or the daily format from the Reports section of the Dashboard.