How to Configure Wallet Settlement on Hydrogen Merchant Portal

Wallet settlements allow funds to be credited directly to a digital wallet instead of following scheduled bank settlements. Traditional settlement methods, such as daily or T+1 (next business day), require a waiting period before transactions are processed. In contrast, wallet settlements ensure that funds from transactions are available immediately, offering greater flexibility and control over cash flow.

Benefits of Wallet Settlements

• Instant Access to Funds: Transactions are settled in real-time, eliminating delays.

• Better Cash Flow Management: Immediate availability of funds supports faster reinvestment and operational expenses.

• Independence from Banking Hours: Unlike scheduled settlements that depend on bank processing times, wallet settlements are available 24/7.

• Increased Flexibility: Funds can be used instantly for transfers, payments, or withdrawals.

Step-by-Step Guide to Enable Wallet Settlements

1. Log In: Enter your credentials and access your account.

2. Go to Your Dashboard: Once logged in, navigate to the Dashboard.

3. Open Profile & Settings: Click on Profile & Settings to configure settlement options.

4. Access Settlement Settings: Locate the Settlements section and select Settlement Settings (only visible in the Live Environment).

5. Select Settlement Windows: On the Settlements page, go to the Settlement Windows tab.

6. Choose Instant Pay: From the available products (e.g., Instant Pay, POS, Payment Gateway), select Instant Pay.

7. Set Wallet as the Settlement Method: Choose Instant (into Wallet) as the preferred settlement option.

Enabling wallet settlements ensures that Instant Pay transactions are processed immediately, providing faster access to funds compared to daily or T+1 bank settlements. This feature enhances cash flow management, reduces reliance on banking hours, and allows businesses to reinvest or transfer funds without delays. Wallet settlements are a valuable option for businesses that require real-time financial control and operational efficiency.