Holiday/Weekend Settlements

Keep your cash flowing, even when banks are closed

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.

Key Features

• Weekend Settlements Fee: A premium charge is applied in addition to MDR.
• Payout Timing: Weekend payouts are processed before 11 AM.
• 365-Day Processing: Payouts are available throughout the year, with no exceptions.

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Pre-Funding Requirement:

Settlement processing depends on available funds in the Nodal Account and your payout limits.

Key Benefits

1. Instant Liquidity: Access funds instantly on weekends, bank holidays, or any non-working day – no more waiting for standard T+2/T+3 cycles.
2. Eliminate Cash Flow Gaps: Avoid disruptions in payroll, inventory restocking, or vendor payments caused by delayed settlements during holidays.
3. Zero Integration Hassle: Works with your existing setup – no new APIs or technical changes required.
4. Risk-Managed Security: RBI-compliant pre-funding and fraud checks (MCC profiling, transaction limits) ensure secure payouts.

Weekend Settlement Processing Details

Settlement on Bank Holidays

• Weekend Settlements allows payouts to be processed on all non-payout days, including weekends and bank holidays.
• Transactions from a given day (T) will be settled on the next day (T+1), ensuring continuous cash flow for businesses.

Payout Limits for Merchants

• Each merchant is allocated a specific payout limit.
• Transactions will be processed up to the assigned payout limit.
• Any transactions exceeding the limit will be settled on the next available payout day.

Weekend Settlement Fees

• An additional fee is charged for Weekend Settlements, in addition to the standard Merchant Discount Rate (MDR). These fees will be detailed in the Merchant Payout Report (MPR) under the summary section. This report is generated the following day and can be accessed on the merchant dashboard.
• A Nodal Account calendar is maintained to identify standard and non-standard payout days.
• Opting for payouts on non-standard days (weekends, bank holidays) will incur a premium charge.

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Note:

• To enable the Holiday/Weekend Settlements feature, contact our support team.