With on-demand settlements, you can request settlements to your bank account on any day and at any time 24*7, including holidays.
On-demand settlements enable you to receive the unsettled amount to your bank account instantly 24x7 including holidays. You can specify the amount you want to withdraw as per your requirement. A small fee is applicable to process these settlements.
By default, the settlement cycle is t+2* days, where 't' is the day of the transaction. To use on-demand settlements, the feature must be enabled.
On-Demand Settlement Flow
Activate On-Demand Settlements
To enable on-demand settlements,
- Go to Payment Gateway Dashboard > Settlements > On-Demand.
- In the On-Demand settlement screen, click Request Activation. The feature activation request will be sent to your Cashfree Payments account manager, and they will enable it for you. You will receive an email after the feature has been activated.
After activation, you can request settlements instantly 24x7 including holidays.
Initiate On-Demand Settlement
To initiate an on-demand settlement, you must first get the feature activated. After activation, you can request settlements instantly 24x7 including holidays.
To initiate on-demand settlement,
- Go to Payment Gateway Dashboard > Settlements > On-Demand > click Settle Now.
- In the On-Demand Settlement screen, specify the amount you want to withdraw and click Confirm. You will see the amount you are allowed to withdraw and the additional charges applicable is also shown.
Settlement Amount
You will see a success screen as shown below:
Settlement Success
You will see all the settlements received in the Settlements > On-Demand screen. You can click the individual settlements to know more details.
Note: * Settlement cycle is subject to bank approval and can vary based on transaction type, business category/model, risk parameters and other factors.
