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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.

A settlement in payment gateway refers to the process by which the payment made by a customer for a product/service, is credited to the merchant account.

Payment settlement involves collecting the funds for the amount recorded for an order. For example, when using credit cards, the settlement process specifically involves contacting the payment system and collecting the required amount of funds against the credit card.

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.

To create an Instant Settlement: Log in to the Dashboard. Navigate to Settlements. Click Settle Now. The Instant Settlement pop-up opens. Enter the amount you want to settle to your bank account. This can either be your full Current Balance or a part of it. ... Click Confirm.

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. Step 4: Reconciliation- Reconciliation allows merchants to ensure that the funds deposited into their accounts match the total sales made.

Initiated: The settlement amount is being processed by our nodal banking partners and shall be credited to your settlement account shortly. Processed: The settlement amount has been successfully credited into your account.

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.

A settlement in payment gateway refers to the process by which the payment made by a customer for a product/service, is credited to the merchant account.

Payment settlement involves collecting the funds for the amount recorded for an order. For example, when using credit cards, the settlement process specifically involves contacting the payment system and collecting the required amount of funds against the credit card.

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.

To create an Instant Settlement: Log in to the Dashboard. Navigate to Settlements. Click Settle Now. The Instant Settlement pop-up opens. Enter the amount you want to settle to your bank account. This can either be your full Current Balance or a part of it. ... Click Confirm.

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. Step 4: Reconciliation- Reconciliation allows merchants to ensure that the funds deposited into their accounts match the total sales made.

Initiated: The settlement amount is being processed by our nodal banking partners and shall be credited to your settlement account shortly. Processed: The settlement amount has been successfully credited into your account.