A settlement is the final step in the payment lifecycle. It is when the assets used to pay for the good or services by the consumers are transferred into the merchant’s account. The time it takes for a settlement to be completed depends on the method of payment and the contractual set up between the merchant and their acquirer(s).

An issue many eMerchants face is that each Payment Service Provider provides separate settlement data. By using a payment orchestration platform, all settlement data from all payment servicer providers is stored in a central and unified manner. This means merchants can easily analyze their data across all providers and export it into their BI software.

Settlement time varies from provider to provider and the contract that you have with them. The payment method used will also make a difference. Card payments take longer than open banking.

Yes, with IXOPAY all settlement data is centralized and displayed in a uniformed format. This allows for in-depth analysis across all payment service providers/acquirers.