Settlement occurs when payment received from your customers is made directly into your bank account or Flutterwave Wallet.

Once you receive payments into your Flutterwave account and it appears in your Ledger Balance, your funds are automatically settled to you within 1 - 5 business days, depending on the settlement schedule. You can also manually send funds to your bank account anytime, via Flutterwave transfers.

For quick and easy settlement, we recommend that merchants add a primary account in their local currency.

How to receive payments in other currencies

Some merchants who receive payments in a different currency outside of their Country’s currency (i.e. USD, GBP and EUR) prefer to be settled in that currency. There are 3 options to consider if you fall in this category.

As a primary account

Click the ‘Settings’ tab on the dashboard homepage and go to ‘Settlement accounts’. Choose the preferred account on the list and make a primary account.

If you don’t already have an account in the preferred currency, you can add a new settlement account and set it as your primary account.

Add a new business

If you receive payment for multiple currencies, you can also add a new business for each one. See how to add new businesses to your account here.

Note: there is a minimum settlement threshold for all currencies; this is the minimum amount that can be automatically transferred from your Flutterwave account to your bank account. You can learn more about that here.

Settle into Payout Balance

When choosing how you want to get paid, pick the “Settle into my payout balance” option on your dashboard.

Here’s how to do that:

• On the Settings menu, click the ‘Business preference’ tab.

• Scroll down and check the “Settle into my payout balance” under the “How do you want to get your earnings?” option.

Additional Information

For Nigerian merchants, all transactions originating from a Naira card will be settled in Naira irrespective of the currency used in purchasing. This is in line with the dollarisation policy in Nigeria.