Settlements refer to the process of transferring funds to your (merchant) bank account after aggregating the transaction amount and deducting our applicable charges and adjustments (Refunds, Chargebacks, etc).
By streamlining the transfer of funds and providing detailed transaction information, we help you manage your finances efficiently and effectively.
By default Cashfree processes your settlements with a frequency of T+2 bank
working days for a payment done on day T. You can get this updated by writing
to us at care@cashfree.com.
Cashfree’s Instant Settlements is a powerful tool that allows businesses to receive their funds almost instantly, rather than waiting for the standard T+1 or T+2 settlement cycles. This helps businesses who are in more urgent needs of their funds.
To be eligible for Instant Settlements, businesses must meet specific criteria. To learn more about Instant Settlements, write to us at care@cashfree.com.
There are scenarios when a payout initiated from Cashfree’s bank account to your bank account might get reversed. In these scenarios we mark those settlements are reversed. We also initiate a webhook to you once a settlement reversal happens.
Here are some common reasons which can lead to a settlement reversal.
| Reasons | |
:---------------------------------------------------------------------------------------------------------------------------------------------------
| | Due to some technical issues at the bank, your amount will be settled in
the next settlement cycle. | | The IFSC you have provided for the bank account
is invalid, write to care@cashfree.com with the
valid IFSC. | | Bank account details you have provided are invalid, write to
care@cashfree.com with the updated account
details. | | Due to some technical error at the bank, your amount will be
settled in the next settlement cycle. | | Due to some technical issues, your
amount will be settled in the next settlement cycle. | | Settlements to NRE
bank accounts is currently not possible, write to
care@cashfree.com with the updated account
details. | | Bank account details you have provided is not active, write to
care@cashfree.com with the updated account
details. | | You have exceeded the transfer limit for this settlement cylcle.
We will process your settlement in the next settlement cycle. | | Beneficiary
name you have provided is incorrect, write to
care@cashfree.com with the updated details. | |
Unable to settle amount to this beneficiary account, write to
care@cashfree.com with the updated account
details. | | Your bank account details or the IFSC you have provided is
invalid, write to care@cashfree.com with the
updated details. | | Bank account details you have provided is invalid, write
to care@cashfree.com with the updated details. |