What is Priority Settlements?

As the payment settlement process is time taking, we built a product that eases the problem of cash crunch in your business. PayU Priority Settlements enable you to get your online customer payments any time of the day in just 15 minutes. It works 24×7, supports all payment modes, and enables you to choose your settlement cycle.

Features of Priority Settlements

With Priority settlements, you get:

Round-the-Clock Settlements

Get round-the-clock payment settlement as it works 24 hours a day*, on weekends and on bank holidays

*All your settlements between 01:00 AM – 09:30 PM will be processed on the same day. Settlements between 09:30 PM – 01:00 AM will be processed in the next available batch.

Flexible Payment Settlement Cycles

Change your settlement cycle from T+15 minutes to T+1 day, as and when needed. Maintain cash flow in your business when required.

On-Demand Transfers

Transfer the preferred amount instantly when required to use it for your business operations. Get money on demand without worrying about payables & receivables.

Easy to Use

Activate priority settlements with a single click from your PayU dashboard. Ease the process of maintaining cash flow for your business.

Complete Clarity

View all your settlement charges on your PayU dashboard. Get complete clarity on all your receivables & payables right on your dashboard.

No Limits

Get settlements unlimited times in a day. Manage the financial needs of your business on the go without worrying about the cash flow crunch.

Benefits of Using Priority Settlements

Priority settlements by PayU enable:

Timely Payments

Make all the payments to your partners, vendors, and agents on time without giving second thoughts about your cash flow.

Consistent Cash Flow

Meet all your working capital expenses hassle-free without worrying about getting all your receivables on time.

Instant Refunds

Refund money instantly to your customers during large-scale cancellations easily and keep your customers happy.

How to Activate Priority Settlements for Your Business?

Here’s how you can activate priority settlements for your business:

Step 1: Open your PayU Dashboard and click on “Activate Now”.

Step 2: Choose your settlement cycle. 

Step 3: Once activated, you can see settled transactions on Priority settlements and filter as per your need. Click on any transaction to view the break-up of charges.

The post Benefits & Features of Priority Settlements that You Should Know! appeared first on PayU Blog.

What is Priority Settlements?

Priority Settlements is a PayU product that solves the cash flow problems of your business. Get your online customer payments instantly & run your business 24×7.

Why Do You Need It?

As the payment settlement process takes time, it’s difficult to receive your online collections instantly. Here are a few problems that PayU Priority Settlement mainly solves for your business while reducing the payment settlement time:

• Making timely payments
• Needing cashflow to meet capital expenses
• Providing instant refunds to your customers

How Does it Work?

Once a customer pays you, the money is deducted from their account instantly. Money moves from your customer’s bank to your bank via the payment gateway. With PayU Priority Settlements, these customer payments come to your bank account in just 15 minutes.

Know more about priority settlements in this video.

The post Boost Cash Flow for Your Business with Priority Settlements by PayU! appeared first on PayU Blog.

A generic payment settlement cycle can be time taking but having a payment partner that can help you settle your customer payments quickly is a boon. Priority Settlements from PayU offers a comprehensive solution, transparency & flexibility for your business. It enables you to run your business 24×7 and keeps you from facing a cash crunch. Let’s understand what makes it better than normal settlements.

How is PayU Priority Settlement Different Than Normal Settlements?

Maintaining a healthy cash flow is very important in running any business. Often you can feel bogged down by delayed settlements on bank holidays and weekends. These features of priority settlements will help you maintain a healthy cash flow: 

Amazing right? Having a product that enables you to save time and ensures you don’t get into a cash crunch is always a good choice. Click here to know more benefits of using PayU Priority Settlements. 

Frequently Asked Questions

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