Settlement Process

overview 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 docid\ b3gbwzifvfxav30llqfqp page for further information settlement type 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 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 (instant ) 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 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 follow batch time between 22 00 until 24 00 valid for sale/purchase , refund and capture report can be seen and downloaded through dashboard ovo 23 59 bca 20 50 wib 02 00 wib 20 50 wib 04 00 wib monday – saturday and sunday to monday saturday = sunday bri 22 00 wib 23 20 wib everyday dbs 23 00 wib 00 00 wib everyday other there is no scheduled time f ollow schedule benefit and deficiency settlement type benefit deficiency on boarding faster and focus only on one suitable for medium to big scale business provide special mid to and sub need special account to which invited to work together no need to open other accounts able to use various in one suitable for small to medium sale business combine mid to and sub see also docid\ zqqxktopigpkmctcyxigc to find out how to check data related to operation docid\ dokvig sqlmho 8r rq6r to find out how to abort on docid\ obimx 74sew2memplfqi3 to find out related to receipt on operation docid\ ukz0jhkge9g4ulzxj99oq to find out related to on operation