Settlement payments are triggered from the time the order is approved by Clearpay and are processed as per the following:
Settlement payments will be made based on the settlement processing time agreed (typically within 2 business days).
- An email is sent to the merchant account email address (if configured) summarising the total settlement payment amount to be paid. Emails are not sent if there are no amounts due to the Merchant.
- Clearpay merchant fees are calculated and deducted from the amount to be paid to the Merchant at settlement.
- Bank processing times vary and need to be taken into account by the Merchant for clearing.