Manage Settlements

Overview

Learn about the Pine Labs Online settlement process and how to manage your settlements efficiently.

Settlement is the process where the funds collected from your customers' transactions are transferred to your bank account. This marks the final step in the payment cycle, ensuring that the money from completed transactions is deposited into your Bank account. You can manage settlements using APIs or from the Dashboard.

Captured payments are auto-settled into your bank account (which was provided during your KYC verification), following your designated settlement cycle.

Settlement Types

Settlement types in payment processing refer to the various methods by which funds are transferred from Pine Labs Online to your bank account. Common settlement types of Pine Labs Online are listed below.

1. T+1 Settlements: This is a standard settlement type where T represents the transaction day. The +1 indicates that the settlement to the merchant occurs one business day after the transaction. This model provides a predictable and routine flow of funds.
2. Early Batch Settlements: In this model, transactions are batched and settled earlier than the standard T+1 timeline. This type of settlement is beneficial for merchants requiring faster access to funds, improving their cash flow management.
3. Same-Day Settlements: As the name suggests, same-day settlements involve processing and transferring funds to the merchant on the same day of the transaction. This type of settlement offers the quickest turnaround, ideal for businesses that prioritize immediate liquidity.

📘 Note:

• Date Range: The maximum date range for retrieving settlement data is 60 days.
• Page Size: API supports a maximum of 10 records per page, one page at a time.
• Historical Data Storage: Settlement data available for up to 6 months.
• Real-Time Availability: Settlement data is typically real-time, with a potential delay of up to 3 hours in rare cases.

Get Settlements

Use this API to fetch all the settlements against your account.

Shown below are the sample requests and sample response for a Get All Settlements API.

curl --request GET \
     --url https://pluraluat.v2.pinepg.in/api/settlements/v1/list \
     --header 'accept: application/json
'

Refer to our Get All Settlements API documentation for more information.

Settlement Options

Choose from supported settlement options such as same-day settlement and holiday settlement to receive eligible settlements faster and improve cash flow continuity.

• Holiday Settlements : Bank holidays and non-working days can create settlement delays, impacting business cash flow. With Pine Labs Online Holiday Flow, you can access funds instantly, ensuring seamless business operations, even during weekends or bank holidays.

• Sameday Settlements : Same Day Settlement feature enables you to receive your funds on the same day the transaction occurs, rather than waiting for the typical settlement periods like T+1 or T+2. This can enhance your cash flow and give you quicker access to your money.