One. Settlement of all the unsettled transactions are grouped together and sent as a single payout. We share the bank reference number for the transfers, that can be shared with the vendors for tracking purposes.
One. Settlement of all the unsettled transactions are grouped together and sent as a single payout. We share the bank reference number for the transfers, that can be shared with the vendors for tracking purposes.
Vendors can be added manually from the dashboard. We also support automated addition through the API.
Refunded amount gets adjusted during the next settlement. It will be deducted from commission amount of vendors who received settlement on that transaction.
Up to 5 vendors can receive settlements on a single payment by users.
While adding vendors, if you have specified incorrectly vendor details or missed adding some information, you can modify it using the Edit Vendor feature on the product dashboard or use the Update Merchant Details API.
To edit the details of the vendor you have already added,
Use the Batch Upload feature to add a large number of vendors at a time. Add all the required details in a single file as per the required format and upload the file. Download the sample file to know what details are required to be filled in the batch file.
You can define the settlement cycles right when you add the vendor. You can settle your vendors through the following settlement modes:
To view the settlements, go to Payment Gateway Dashboard > Settlements > Vendor. Vendor settlement details such as date & time, settlement type, vendor ID, settlement ID, settlement status are displayed.
There are various reports that Octalas provides. These reports help you to reconcile transactions, view adjustments and settlements, analyse your business transactions, and much more. You can view these reports day-wise, week-wise or for a custom date range.
You can select the required report type from the drop-down list, configure filters, and search for a particular report using the search option. You also have the option to download or delete the reports.
Octalas Payments offers a wide range of reports such as:
You can delay the vendor settlements by adding delays at different levels. To delay settlements to vendors, you should enable deferred settlements in your account. The Split API has to be called within the settlement cycle interval, else the entire transaction amount will be credited to you.
You can add delay at two levels: