Settlements

Merchants receive settlement based on settlement configuration in Ansa. Please read below for more information on settlement configuration options. Once Ansa initiates a settlement, funds are sent from the Ansa managed bank account for your wallet program, to an external business bank account of your choice.

Adding your bank account information

Merchant business bank account information is collected during the Ansa onboarding process.

Payout schedule and speed

Merchant payouts are scheduled weekly, or as agreed upon in your Service Agreement.

Currently, all Ansa merchants located in the United States receive their payouts within 3 business days after the payout initiation, also known as T+3 payout speed.

Settlement breakdown

Ansa payout calculates the settlement amount by:

1. (Only for Standard Settlement)Adding the total amount spent from user balances
2. Subtracting processed refunds
3. Subtracting payment processing fees levied by your payment service provider
4. Subtracting merchant funded promotion amounts
5. Subtracting Ansa transaction fees if applicable
6. (Only for Advanced Settlement) Adding a percentage of User balances

Understanding your settlement

Ansa offers a number of Reporting options to help you understand your settlement. You can view financials at a monthly or weekly level, and export a CSV report of individual transactions.

We also support integrations into account platforms like Intuit Quickbooks, NetSuite and Sage for convenient accounting.