Same Day Settlements

Plura's 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.

Key Benefits:

1. Faster Cash Flow: You can receive payouts on the same day.
2. Multiple Payout Batches: Transactions are settled in batches throughout the day.

Key Features:

1. Payouts Against Transactions are Made on the Same Day
   • Every batch processes transactions that occurred since the last batch payout.
   • Ensures timely settlement for better financial planning.
2. Multiple Payouts Per Day
   • PG Merchants: can receive multiple payouts throughout the day, up to 9 PM.

Same Day Settlement Fee Structure

1. Premium charges apply for opting into SDS.
2. An additional fee is charged for Same Day 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.
3. The fee is charged based on payout frequency and merchant type.

📘

Note:

• To enable the Same Day Settlements feature, contact our support team.