Send Fund Transfer Instructions in a File to your Bank and later Receive confirmation file with UTRs. Alternately, use our Pre-Integrated Banking APIs to Transfer Funds to Merchants and receive confirmation instantly.
Transactions are Settled at Gross Value or Complete Value. No Netting / Deductions are applied on Settlements. Merchants receive Gross Value of the transaction. Aggregators Invoice Merchants end of the Month.
All the Transactions of a Day are Bundled and Settled as ONE Amount to Merchant. Merchants get to reconcile transactions of a day, against the amount settled, both in value and count with ease.
First In-First Out Settlement. Settle as you receive funds from your acquirers. Our system allows you to settle only those transactions for which you received funds from acquirers. You will never be out of pocket.
Split the Amount received from Acquirer, at transaction level, between the Merchant and his vendors / partners / subsidiaries. Configure multiple beneficiary bank accounts and settle funds accordingly. Good for businesses having Marketplace business model.
We verify your Merchant / End User Bank Account, before you make any payment, avoiding Settlement Bounces and its related additional work load.
Refund Customers, individually or in Bulk, directly to their Bank Accounts with a simple click. Bulk refunds are made through file upload and executed in batch.
Merchants are configured for same day settlements. Such merchants receive funds, for transactions made up to a certain point of time, on the same day.
Manage holds, track settlement bounces
avoid double settlements
Transfer Dividends, Gaming Wins, Cashbacks, Refunds, Salaries, Aid Distribution to hundreds of thousands of Accounts with a simple click. We auto-verify Bank Accounts and then Transfer Funds to any bank via UPI, IMPS, NEFT and RTGS. You can even transfer funds to Card / Wallet. Our State of the art Technology has the ability to handle spikes, without any impact on response time or error rate. Customer data containing Beneficiary Details, Amount to be transferred etc. is uploaded via our Bulk Upload interface. Download Payouts Ledger on demand with a simple click.
Our Settlements, Reconciliation and Processes
are Time tested and 100% Fool Proof.
As soon as customer pays, acquirer sends a confirmation message and transaction status is updated in the system. In case no response is received from Acquirer, Our Server to Server (S2S) reconciliation system periodically checks with acquirer and updates transaction status to SUCCESS or FAILURE. Transactions can also be setup for Auto-Refunds and Auto-Reversals based on business needs. Ensures both acquirer and your system are always in sync and in the same state.
Successful Transaction Report received from Acquirers is reconciled with your system. Identify Discrepancies on various parameters like MDR, Amount Transferred to Nodal/Pool Account, Settlement Cycle as against what was agreed with Acquirers. Identify transactions which are Successful with the acquirer but failed/Incomplete in your System. Discrepancies if any, are resolved manually on a case-to-case basis in easy to-do steps.
Amount actually Settled to your Merchants from your Nodal/Pool Account, is reconciled with the system and settlement status updated with bank reference number. Date and timing of Settlement, in case there is a Bounce, Reason for Bounce is also updated. Ensures what you actually settle to Merchant is always in sync and updated in the system. Prevents you from settling the same transaction twice, thereby avoiding double settlements.