Settlement payments are triggered from the time the order is approved by Lazzypay and are processed as per the following:
- Settlement payments will be made based on the agreed settlement processing time (typically within 7 business days).
- An email is sent to the Merchant account email address (if configured) summarizing the total settlement payment amount to be paid.
- Lazzypay platform fees are calculated and deducted from the amount to be paid to the Merchant at settlement.
Settlement disbursement to Merchants are made via bank transfer or as agreed with Merchant.