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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.

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How settlement works

Settlement occurs after a payment has successfully completed.
  1. A payment reaches a Succeeded state
  2. The payment is processed through the underlying payment network
  3. Funds are transferred and credited into your Treasury account
  4. The funds become available balance once settlement is complete
Settlement timing depends on the payment method and network.

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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
During this period:
  • Funds may be reflected as pending balance
  • They are not yet available for use

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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
This makes the funds usable for:
  • Payouts
  • Withdrawals
  • FX conversions

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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
Sweeps are useful for:
  • Maintaining minimal balances in Treasury
  • Automating cash movement back to your operating accounts
  • Simplifying treasury management

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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)

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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
Settlement timing differences are a common source of reconciliation gaps if not accounted for.

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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
Last modified on March 29, 2026