Get Caucus Manual - Wisconsin Towns Association

Real-Time Settlement is available on all business days (timings vary from bank to bank). Funds are transferred and settled in the receiver's bank account instantly. The facility is available 24*7 365 days, even on holidays.

Simply put, payment gateway settlement is when the bank transfers funds immediately with no waiting. It is the process where the money is transferred or routed from the customer's bank to the merchant's bank.

The complexities of reconciliation, varying bank settlement cycles, and intermediary hops all contribute to the time it takes for businesses to receive their funds. Payment gateways like Razorpay are continually striving to optimize settlement speeds and provide businesses with efficient working capital management.

Typically, this process takes 2-3 business days; however, certain payment gateways may offer faster settlement options to cater to merchants' specific needs. Step 4: Reconciliation- Reconciliation allows merchants to ensure that the funds deposited into their accounts match the total sales made.

Razorpay gives you the flexibility to pick and choose how you want your Instant Settlements, based on your business needs. Choose when you want your customer payment to transfer into your bank account.

Razorpay gives you the flexibility to pick and choose how you want your Instant Settlements, based on your business needs. Choose when you want your customer payment to transfer into your bank account.

Typically, this process takes 2-3 business days; however, certain payment gateways may offer faster settlement options to cater to merchants' specific needs.

Enter the amount you want to settle to your bank account. This can either be your full Current Balance or a part of it. You can see the fees and tax for the Instant Settlement and the amount that will be settled to you after the fees and tax deduction on the pop-up. The minimum amount you can enter is ₹2,000.00.