Your settlement account is where Monieswitch sends your funds after you receive payments. This account can only be added after your account is approved.
How: Once your account is approved, go to the Settlement account section in your profile to add or update your bank details.
Why: Ensures your payouts are sent to the correct bank account.
Auto Settlement: If enabled, money received via your virtual account is automatically sent to your settlement account on the next business day (T+1).
Manual/Instant Settlement: If auto settlement is off, funds remain in your available balance. You can manually settle at any time, but a transaction fee will be charged from your main merchant account balance. Auto settlements are free.
Transaction Visibility: Money received through your virtual accounts does not immediately show up in transactions to avoid duplicate entries. Settlement is processed at the end of the day.
With instant settlement, you can send out your settlement balance for the day
at any time, but fees apply. Auto settlement is free and processed
automatically.