Settlements
This allows you to take funds out of your account and can be done as follows. Settlements can be done via bank or crypto.
To request a settlement, make sure you have enough funds on the sub account you want to settle funds from or simply do a sub account transfer to the sub account of the currency you need settled (fx exchanges <at least 3%> may apply).
Once funds are in sub account you may then initiate a Settlement request to one of your bank accounts or crypto accounts on record.
- Bank settlements take 3 to 5 working days.
- For mobile money and Local bank api options, your contract payout fees apply.
For a bank settlement
- 1.Go to your merchant dashboard
- 2.Then navigate to Bank settlement section,
- 3.Create a bank settlement request by clicking on the "Create a bank settlement request button",
- 4.This will load a form with required fields to be filled.
- 5.Enter in the fields and submit the form for the finance to approve.
Here, you do not require rates from our finance team since its a one to one transfer. A DusuPay Standard settlement charge of 100 USDT normally applies.
Here a merchant is required to do a sub account transfer from the local currency to the USDT sub account with fx rates from our finance team.
The merchant is always free to accept or re-negotiate fx rates with our finance team because of the volatility attached to the local currencies.
Last modified 4mo ago