Business Operation
Settlement Process
10 min
overview {{settlement}} is a bookkeeping {{process}} of a {{transaction}} and transfer of {{transaction}} funds from financial institutions ( {{bank}} or {{nicepay}} ) to an individual or company (merchant) in its practice, there are 2 types of {{settlement}} models; facilitator and aggregator merchant can convert the fund from settlement fund into payout balance please visit docid\ b3gbwzifvfxav30llqfqp page for further information settlement type on {{the}} facilitator type, {{the}} fund will go directly to {{the}} {{merchant}} {{bank}} account after the {{transaction}} finishes in this scenario, {{bank}} will represent {{merchant}} to perform bookkeeping for successful transactions and reconciliation processes with {{nicepay}} to validate data, cutting its {{service}} fee and {{nicepay}} {{service}} fee as {{the}} {{payment}} gateway on {{the}} aggregator type, {{nicepay}} will perform fund {{settlement}} through {{the}} {{nicepay}} {{bank}} account after the {{transaction}} is done in this scenario, {{nicepay}} will represent {{merchant}} in {{the}} {{settlement}} {{process}} , including cutting {{service}} fees from {{nicepay}} and related banks merchants will receive some {{transaction}} funds amount that has already been cut from {{nicepay}} on their chosen {{bank}} account {{settlement}} time {{settlement}} time usually differs from one institution to another it depends on the used {{settlement}} method, {{paymethod}} , and {{bank}} or {{partner}} here is the difference in {{settlement}} time for each {{paymethod}} 145,169,172,232 true unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type same day {{settlement}} (instant {{settlement}} ) same day {{settlement}} or also called sds is a {{nicepay}} latest innovation feature to meet your needs in getting funds from {{transaction}} with relatively fast time, which is d+0 cut off cut off is a {{process}} of time {{transaction}} record from {{bank}} which will be stop or pending 116,121,152,320,100 true unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type benefit and deficiency 198,290,230,100 true unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type unhandled content type see also {{visit}} {{the}} docid\ zqqxktopigpkmctcyxigc {{page}} to find out how to check {{transaction}} data related to {{merchant}} {{business}} operation {{visit}} {{the}} docid\ dokvig sqlmho 8r rq6r {{page}} to find out how to abort {{transaction}} on {{nicepay}} {{system}} {{visit}} {{the}} docid\ obimx 74sew2memplfqi3 {{page}} to find out {{information}} related to {{payment}} receipt on {{merchant}} {{business}} operation {{visit}} {{the}} docid\ ukz0jhkge9g4ulzxj99oq {{page}} to find out {{information}} related to {{tax}} on {{merchant}} {{business}} operation