Settlement is a process whereby money collected on your behalf from your customers is delivered to you, directly to your bank account or Flutterwave Wallet.

Once you receive payments into your Flutterwave account and it appears in your Ledger Balance, your funds are automatically settled to you within 1 - 5 business days depending on the settlement schedule. You can decide to send your funds to your bank account manually, at a time of your own choosing, using Flutterwave transfers, instead of the default automatic settlement. You can always change that here.

For quick and easy settlement, we recommend that merchants add a primary account in their local currency. You can add the account here.

We also know that some merchants who receive payments in a different currency outside of their Country’s currency (i.e. USD, GBP and EUR) might prefer to be settled in that currency. If you fall into this category, we have 3 options for you:

  • Change your primary account to your desired currency (you can only have 1 primary account), which can be done here.

  • Add a new business for each currency you receive collections in.
    You can do this by going to the top left corner of your dashboard, select it and click “add new business”. Once you are done, make sure you update the account with all the necessary information including the primary account information. It is important to note that there is a minimum settlement threshold for all currencies; this is the minimum amount which can be automatically transferred from your Flutterwave account to your bank account. You can learn more about that here.

  • Opt-in for wallet settlement so that transfers can be done to your wallet, and then you can transfer to an account of your choice. This can be done here.

For Nigerian merchants, please note that all transactions originating from a Naira card will be settled in Naira irrespective of the purchase currency in line with the dollarisation policy in Nigeria.

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