Settlement Process
is a bookkeeping of a and transfer of funds from financial institutions ( or ) to an individual or company (Merchant). In its practice, there are 2 types of models; Facilitator and Aggregator.
Merchant can convert the fund from settlement fund into payout balance. Please visit Balance Deposits page for further information.
On Facilitator type, fund will go directly to account after the finishes. In this scenario, will represent to perform bookkeeping for successful transactions and reconciliation processes with to validate data, cutting its fee and fee as gateway.
On Aggregator type, will perform fund through account after the is done. In this scenario, will represent in , including cutting fees from and related Banks. Merchants will receive some funds amount that has already been cut from on their chosen account.
time usually differs from one institution to another. It depends on the used method, , and or . Here is the difference in time for each .
Payment Method | Partner | Settlement Type | Duration |
|---|---|---|---|
| Visa, Mastercard, JCB, American Express for Mandiri, BCA, BNI, BRI | , | D+3 on weekdays |
| BCA | (BCA), (ALTO) | D+1 on weekdays |
| BRI, Mandiri, BNI, Permata, Maybank, KEB Hana, CIMB Niaga, Danamon, Permata Syariah, BJB, BNC, DKI | , only (CIMB, BNC, Bank DKI) | D+3 on weekdays |
| ATM Bersama, Prima, Alto | , | D+3 on weekdays |
| Indomaret | | D+5 on weekdays |
| Alfa Group (Alfamart, Alfamidi, Dan+Dan, Lawson) | | D+7 on weekdays |
| JeniusPay | | D+2 on weekdays |
| OVO, DANA, ShopeePay, LinkAja dan AstraPay | | D+3 on weekdays |
| Kredivo | | Every Tuesday and Friday |
| Akulaku Paylater | | D+4 on weekdays |
| Indodana | | D+3 on weekdays |
| all QR type that have been integrated with | Aggregator | D+2 on weekdays |
| BNI, BTN | | D+3 on weekdays |
Same Day or also called SDS is a latest innovation feature to meet your needs in getting funds from with relatively fast time, which is D+0.
Cut off is a of time record from which will be stop or pending.
Payment Method | Bank/Partner Name | Service Time | Note |
|---|---|---|---|
| | 22:00 - 24:00 |
|
| OVO | 23:59 | |
| BCA |
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| BRI | 22:00 WIB - 23:20 WIB | Everyday |
| DBS | 23:00 WIB - 00:00 WIB | Everyday |
| Other | There is no scheduled time | Follow schedule |
Settlement Type | Benefit | Deficiency |
|---|---|---|
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Reconcile to find out how to check data related to operation.
Cancel Payment to find out how to abort on .
Invoice & Receipt to find out related to receipt on operation.
Tax to find out related to on operation.