Settlement schedule

Updated 30 months ago

Settlement cycles depend on your business location and whether or not the payment was local or international.

Here's a quick breakdown of the terminology used in the schedule below:

  • T- refers to the day a transaction or payment was carried out.

  • (+ Number of Days) - refers to the number of days it takes for you to receive your payment.

Settlement schedule in practice

If a merchant in Ghana receives an international payment through Flutterwave, the payment will be available in their Collection Balance but not their Payout Balance. The payment will be subsequently moved to their Payout Balance or paid directly into the business bank account within 5 days from when the payment was made. This merchant's settlement cycle is thus T+5.

Your collection balance reflects the total value of payments that have been received at the time, it can also be known as your current balance. Your payout balance refers to the funds that are available to you for transfers or payouts on your Flutterwave dashboard.

Flutterwave's global settlement schedule

Country

Local Payments

International Payments

Cameroon

Next Day Settlement (T+1)

Five days from when the transaction was made (T+5)

Egypt

Next Day Settlement (T+1)

Five days from when the transaction was made (T+5)

Ghana

Next Day Settlement (T+1)

Five days from when the transaction was made (T+5)

Kenya

Next Day Settlement (T+1)

Five days from when the transaction was made (T+5)

Nigeria

Next Day Settlement (T+1)

Five days from when the transaction was made (T+5)

Rwanda

Next Day Settlement (T+1)

Five days from when the transaction was made (T+5)

Senegal

Next Day Settlement (T+1)

Five days from when the transaction was made (T+5)

Tanzania

Next Day Settlement (T+1)

Five days from when the transaction was made (T+5)

Uganda

Next Day Settlement (T+1)

Five days from when the transaction was made (T+5)

Rest of Africa

Next Day Settlement (T+1)

Five days from when the transaction was made (T+5)

United Kingdom

Next Day Settlement (T+1)

Five days from when the transaction was made (T+5)

United States

Next Day Settlement (T+1)

Five days from when the transaction was made (T+5)

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.

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