Vendor Settlements
Vendor Standard Settlements
The standard schedule option in Cashfree Payments is T+2 days, where T is the date of the transaction. For instance, if the transaction takes place on a Monday, the settlement is credited to the vendor account on Wednesday. The standard settlements happen only on bank working days.
You can set the vendor schedule option while creating a vendor. The settlementCycleId value defines the vendor schedule option.
The standard schedule options are as follows:
Schedule ID | Description |
---|---|
1 | T+1* settlement at 11:00 AM. |
2 | T+2* settlement at 11:00 AM. |
4 | All transactions from 2:00 PM T-1 to 2:00 PM T+0 settled at 3 PM T+0. |
5 | All transactions till 5.30 at 6. |
11 | Weekly Every 1st working day. If you intend to settle your vendor account on a weekly basis opt for this cycle. |
12 | Monthly Every 1st working day. If you intend to settle your vendor account on a monthly basis opt for this cycle. |
13 | T+1* settlement at 09:00 AM. |
T+x*: Settlement cycle is subject to bank approval and can vary based on transaction type, business category/model, risk parameters, and other factors.
To view vendor standard settlement,
- Go to Payment Gateway Dashboard > Easy Split > Settlements > Scheduled
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