Reliable settlements for businesses

Get complete control over payouts with faster, transparent, and predictable settlements.

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payments

How settlements work

1

Payment is initiated

The customer enters their payment details on the checkout page.

2

Payment is verified

After OTP or 3D Secure verification, the amount is debited and confirmed.

3

Payment is processed

The money is sent through card networks to our banking partners.

4

Money is settled

We transfer the amount to your bank account after deducting fees.

Track and manage all settlements in one place.

  • Created: Settlement is generated and sent for processing.
  • Initiated: Settlement is being processed and will be credited shortly.
  • Processed: Settlement is successfully credited to your account.
  • Failed: Settlement failed due to incorrect bank details — you'll receive an email in such cases.

Stay in control of your settlements

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100% transparency upcoming settlements

Find the amount and settlement date on your Razorpay Dashboard (Home, Transactions, or Settlements tab).

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Settlement status for every transaction

Click on any transaction to instantly check whether the payment has been received or is still pending.

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Clear view of your settlement cycle

View your payout cycle for domestic and international payments under "My Account."

How to reconcile settlements with transactions

The Razorpay Dashboard provides detailed reports to simplify reconciliation. You can download settlement reports in daily or monthly formats.

The Dashboard provides detailed reports to simplify reconciliation. Download settlement reports in daily or monthly formats.

  • Settlement Date: Track when a settlement was created and processed.
  • Transaction & Entity ID: Each payment has a unique Entity ID mapping to settlements.
  • UTR:Transaction Reference (UTR): Every settlement is mapped to a UTR number, which appears in your bank statement for easy tracking.

Check your settlements in your bank statement

Each settlement comes with a Unique Transaction Reference (UTR) number provided by our banking partners.

You can find this number in the Settlement Reports available in the Reports section of your Razorpay Dashboard. Since the UTR is recognized across all banks, you can use it to track a specific settlement in your bank account statement.