{"id":11308,"date":"2022-06-13T15:18:00","date_gmt":"2022-06-13T09:48:00","guid":{"rendered":"https:\/\/payu.in\/blog\/?p=11308"},"modified":"2025-11-04T11:28:16","modified_gmt":"2025-11-04T05:58:16","slug":"payment-settlement-guide-for-businesses","status":"publish","type":"post","link":"https:\/\/payu.in\/blog\/payment-settlement-guide-for-businesses\/","title":{"rendered":"How Does Payment Settlement Work for Businesses?"},"content":{"rendered":"\n

Do you ever wonder when you will receive the payments your customers made? Read on to know the answer and learn how you can speed up the process.<\/p>\n\n\n\n

What is Settlement?<\/strong><\/h2>\n\n\n\n

Settlement is a simple process by which any business can collect payments via a payment gateway<\/a>. The settlement process is completed when the payment made by a customer reaches your bank account.<\/p>\n\n\n\n

Payment Gateway Settlement Cycle<\/strong><\/h2>\n\n\n\n

Here\u2019s how the money movement happens.
There are three main stakeholders in a payment gateway<\/a> settlement cycle:<\/p>\n\n\n\n

    \n
  1. Issuing bank is the customer\u2019s bank<\/li>\n\n\n\n
  2. Payment gateway<\/li>\n\n\n\n
  3. Acquiring bank is your bank<\/li>\n<\/ol>\n\n\n\n

    Once a customer pays you, the money is deducted from their account instantly. Money moves from your customer\u2019s bank to your bank via the payment gateway. This money movement takes T + 2 days. After deducting payment gateway charges, the remaining amount is then transferred to your account after T+3 days. This is what a generic payment gateway settlement cycle looks like:<\/p>\n\n\n\n

    \"\"
    Generic Payment Gateway Settlement Cycle<\/em><\/figcaption><\/figure>\n\n\n\n

    In the case of card payments, the card networks connect the issuing bank & acquiring bank to enable online payment. The entire payment gateway settlement cycle remains the same.  <\/p>\n\n\n\n

    This table will help you understand how much time each payment mode needs to settle: <\/p>\n\n\n\n

    Payment modes <\/strong><\/td>Time taken to settle payments <\/strong><\/td><\/tr>
    UPI, Wallets <\/td>Instant <\/td><\/tr>
    Debit Card, Credit Card <\/td>T+2 days <\/td><\/tr>
    Net Banking <\/td>T+2 days <\/td><\/tr>
    EMI <\/td>T+2 days <\/td><\/tr><\/tbody><\/table>

    Payment modes & time taken for settlement<\/em><\/figcaption><\/figure>\n\n\n\n

    As you can see, the money movement is not immediate and depends on bank processes. So now you know why you don’t receive your online collections instantly. <\/p>\n\n\n\n

    Can We Fast-Track These Settlements?<\/strong><\/h2>\n\n\n\n

    Yes, there\u2019s a way fast-track these settlements!<\/p>\n\n\n\n

    With PayU<\/a> Priority Settlements, you can get your customer payments any time of the day in just 15 minutes. It works 24×7, supports all payment modes, and lets you choose your settlement cycle.<\/p>\n\n\n\n

    \"\"
    Payment Gateway Settlement Cycle with Priority Settlements<\/em><\/figcaption><\/figure>\n\n\n\n
    \n
    Get Started Now<\/a><\/div>\n<\/div>\n\n\n\n

    <\/p>\n","protected":false},"excerpt":{"rendered":"

    Do you ever wonder when you will receive the payments your customers made? Read on to know the answer and learn how you can speed up the process. What is…<\/p>\n","protected":false},"author":54,"featured_media":11323,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[583],"tags":[1265,714,1263,1264,718],"yoast_head":"\nHow Does Payment Settlement Work for Businesses? - PayU Blog<\/title>\n<meta name=\"description\" content=\"Learn what payment settlement means, how the cycle works, and why it takes time. 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