What is a Settlement?
Settlement is the process through which a merchant receives money paid by their end users for a particular product/service. There are a number of entities involved in the settlement process. A detailed process is explained below:
How to check Settlement Status?
100% transparency on upcoming settlements
The amount and date for your next settlement can be found on your Razorapy dashboard - Home page, Transactions page & Settlements page
Settlement status for every transaction
Complete transparency on which transactions you have received payment for and which are still pending. Simply click on a transaction to see its settlement status.
Check your default settlement cycle
Navigate to the “My Account” section on the dashboard to view your default settlement schedules for ‘Domestic’ & ‘International’ payments
How to reconcile settlements along with the transactions made?
Razorpay Dashboard provides different types of reports to help you with reconciliations. You can download the settlement recon report in daily or monthly format.