Settle your payments with Google Pay for Business

Important: Your bank account must be valid and can accept transactions for settlements to succeed.

You have 3 settlement options:

• Instant settlement: Every payment received from customers is settled individually to your bank account over National Electronic Funds Transfer (NEFT).
  • For customer payments completed before 8 PM: NEFT settlements can take up to 3 hours to get credited to your bank account.
  • For customer payments completed after 8 PM: NEFT settlements are credited by 7 AM the next day to your bank account.
• Daily settlement: All payments collected within the day are settled automatically after midnight as a lump sum. You'll find this settlement the next day in your bank statement.
  • On-demand settlement: If you need to settle money anytime within the day, you can tap Settle now. The amount shown will be settled immediately.
• Scheduled settlement: You can select a specific payment cut-off time of day that works best for your business.
  • One-time instant settlement: If you need immediate funds, a one-time On-demand settlement (ODS) option is available daily.
  • Clear timing: We'll show you an estimated time of credit (ETC), which is the time when you can expect to receive your money after it's sent.

Change your settlement preference

1. On your device, open the Google Pay for Business app.
2. Tap Profile Advanced settings Settlement method.
3. Select Instant settlement or Daily settlement.
4. Tap Save.

Settle your payments on demand

1. On your device, open the Google Pay for Business app.
2. Tap Show all payments.
3. Select Settlements.
   • In the “Settlements” tab, you can find the amount to be settled until that time of the day.
4. Tap Settle now.
   • You’ll find the details of your settlement and a transaction state of “In progress.”
   • After the transaction processes, the transaction state changes to “Settled.”

Tips:

• If you select Daily settlement but you want to settle batches right away, use Settle now.
• In some cases it can take up to 3 business days for payment to get credited to your account. If delayed further, contact support.
• If the transaction’s status is settled in the Google Pay for Business app, refer to your bank account statement. Check it with the settlement ID and settlement amount before you contact support.

Google fees

As a promotion, no Google fees are charged for this service. This might change Google periodically and you'll be notified if this changes.