+- FreeBeg (https://www.freebeg.com/forum)
+-- Forum: Everything else (https://www.freebeg.com/forum/forumdisplay.php?fid=11)
+--- Forum: Chit chat (https://www.freebeg.com/forum/forumdisplay.php?fid=10)
+--- Thread: The Settlement Process in Payment Gateways (/showthread.php?tid=57458)
The Settlement Process in Payment Gateways - alanpoe - 02-12-2025
Once a transaction is approved, the acquiring bank collects the payment from https://uniqpayments.net the issuing bank and deposits the funds into the merchant’s account. This settlement process, managed by the payment gateway, can take anywhere from a few hours to several days.