About ServicePG Service
About ServicePG Service
Settlement Service
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- Settlement service is a service that pays the amount paid by the customer to the merchant and provides details.
- Depending on the payment method, settlement term and fees are applied differently, and the settlement data can be checked by the merchant’s back-office(MMS).
Service Flow
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Settlement Period
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Consolidated settlement(Credit cards, Bank transfers, Virtual accounts)
Settlement Period Settlement term Base Payment Period Settlement day Daily Approval base Daily D+7(Bank business day base) Once/month Approval base 1st~Last day Next month 8th Twice/month Approval base 1st~15th Current month 22nd 16th~Last day Next month 8th Four times/month Approval base 1st~7th Current month 15th 8th~14th Current month 22nd 15th~21st Current month 29th 22nd~Last day Next month 8th Telecommunications billing(Smartphone)
- After payment: M+3 months(5th day)