Payloan Transaction Settlement
The of completing a between and proceeds after makes an to using . This aims to provide to regarding income received by bookkeeping, whether nominal received is similar to nominal recorded at .
The following is a time that have been determined by that worked with .
Service Name | Settlement Time | Remark |
|---|---|---|
Akulaku | H+4 | time counts after does Confirm Receipt |
Indodana | H+4 | Business days |
Kredivo | 2 days in 1 week | Tuesday and Thursday |
Sometimes, Merchants experience a void or refund that makes unsuccessful.
Transaction cancellation can be submitted if has made a full (full amount) which has been successful and has not gone through .
Refund is a repayment of funds processed with agreement between and without any dispute among both parties. After requests a refund to , will use a specific dashboard given by 's to manage refund directly.
The refund for method from to executes through Cancel (Version 1: V1 Cancel Transaction | Version 2: Cancel - API Checkout, Cancel - API Payloan) or Merchant Back Office. Merchants aren't allowed to transfer funds directly to . This needs to be done to fulfill compliance with 's policies.
Refund of all funds allows Customers to request a refund for all purchases from shopping list at and accommodates can refund to according to nominal amount submitted.
The following is full refund time that has been determined by that works with .
Service Name | Refund Time | Remark |
|---|---|---|
Akulaku | Before and after confirmation | Online |
Indodana |
| Cut-off time = 23.59 |
Kredivo |
| |
Partial refunds allow Customers to request a refund for particular items from shopping list at and accommodate to be able can refund according to nominal amount submitted.
The following is partial refund time that has been determined by that works with .
Service Name | Refund Time | Remark |
|---|---|---|
Akulaku | Before and after confirmation | Online |
Indodana |
| Cut-off time = 23.59 |
Kredivo |
| |
- The requests a refund application to .
- The requests a refund application to .
- requests a refund to Acquiring party.
- The Acquiring party requests a refund to Issuing party.
- The Issuing party returns funds to .
- The Issuing party changes amount to be paid on .
Payloan Business Model & Fee to find out how is completed.
Payloan Rule and Limitation to find out specific provision of .
Payloan Glossary to find out particular term used on .
Payloan FAQ if you want to find out frequently asked questions related to .