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.
Cashfree offers two distinct settlement types to accommodate different merchant needs and cash flow requirements.
The standard settlement cycle in Cashfree is T+2* days, where T is the date of the transaction. For instance, if the transaction takes place on a Monday, the settlement will be credited to the merchant's account on Wednesday. The standard settlements happen only on bank working days.
Note: Settlement cycle is subject to bank approval and can vary based on transaction type, business category/model, risk parameters and other factors.
The Instant Settlement cycle in Cashfree lets merchants get access to their funds in 15 mins! Merchants can make use of the settled funds for disbursals to vendors and other partners. These settlements are processed even on bank holidays!
Cashfree makes it easier for merchants to track all their settlements in a single place. The Summary gives a quick overview of the total recent settlements that have been processed, and the settlements tab lets the merchants keep track of the default and instant settlements.
Customize your report for a specific time period and track the status of the settlements within the time period.
Find the settlement status for a particular order by entering the appropriate order ID.
Each entry will also hold the corresponding status of the settlements.
The reports module in PG dashboard lets you download the settlements report on a daily or monthly basis, and reconcile them. Each settlement will contain the list of transactions that were included in the settlement cycle.
Each entry will bear the following information with respect to the settlement:
This unique ID is used to identify each settlement.
List of transactions with their corresponding date and time.
The actual amount from the transaction that has been settled to the merchant's bank account.
The payment gateway processing fee for the particular transaction.
The amount for each transaction inside the settlement cycle.
The date on which these settlements have been made.
The second part of the settlement report has the details of adjustments that were made in the particular settlement cycle. These adjustments also bear the EVENT of the adjustment, i.e, the type of adjustment that has happened in the settlement cycle.
| Adjustment Type | Entry Type | Description |
|---|---|---|
| FUND_SWEEP | DEBIT | A DEBIT entry which implies that the corresponding amount has been settled in the merchant's settlement account |
| SETTLEMENT_COMPUTE | CREDIT | A CREDIT entry which is a summation of all transactions that are considered for settlement in the given settlement cycle |
| REFUND | DEBIT | A DEBIT entry that corresponds to the refund initiated by the merchant |
| DISPUTE | DEBIT | A DEBIT entry for a dispute raised against a transaction |
| RISK | DEBIT | A DEBIT entry for a transaction identified as a risk transaction |
Cashfree Payments enables 1 Million+ growing businesses in India and across the globe to collect payments, make payouts, manage international payments, and more. Cashfree Payments is backed by SBI, Y Combinator, Krafton, and Apis partners and was incubated by PayPal.
RBI Authorised Payment Aggregator License Certificate of Authorisation No. 266/2025
RBI Authorised Prepaid Payment Instrument (PPI) Provider Certificate of Authorisation No. 209/2024
Merchants can create an account or contact sales experts to explore custom solutions for collecting customer payments, making payouts, managing international payments and more.