Settlement is the process by which completed payments are transferred into your Treasury balances. It determines when funds move from a successful payment to available funds that can be used for payouts, withdrawals, or FX.Documentation Index
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How settlement works
Settlement occurs after a payment has successfully completed.- A payment reaches a Succeeded state
- The payment is processed through the underlying payment network
- Funds are transferred and credited into your Treasury account
- The funds become available balance once settlement is complete
Settlement timing
Settlement is asynchronous and varies by payment method. Typical behavior:- Cards — settle in batches, typically within a few business days
- Direct debit — may take several business days depending on the scheme
- Local payment methods — timing varies by country and network
- Funds may be reflected as pending balance
- They are not yet available for use
Settlement to Treasury
Once settlement completes:- Funds are credited to a treasury account
- The account currency matches the payment currency (or configured settlement currency)
- The funds move from pending to available
- Payouts
- Withdrawals
- FX conversions
Settlement sweeps
You can configure sweeps to automatically move settled funds out of Treasury.- Sweeps withdraw funds to a settlement account on a defined schedule
- Typically run daily or at configured intervals
- Apply to available balances after settlement completes
- Maintaining minimal balances in Treasury
- Automating cash movement back to your operating accounts
- Simplifying treasury management
Processor and configuration
Settlement behavior depends on your payment processor and configuration. Factors that may affect settlement:- Payment method and network
- Processor settlement schedules
- Currency and region
- Funding model (e.g. prefunded vs pass-through)
Reconciliation implications
Settlement is a key part of reconciliation. You should:- Match settled payments to Treasury transactions
- Track timing differences between payment success and settlement
- Account for sweep withdrawals when reconciling balances
- Use reports and exports to verify amounts
Key behaviors
- Settlement happens after a payment succeeds
- Funds are not immediately available upon success
- Settlement timing varies by payment method
- Funds move from pending to available balance
- Sweeps can automatically withdraw settled funds
- Settlement creates transactions in Treasury