Note: To access the Advance Settlement feature, you must activate the production version of your Payment Gateway.
What is Advance Settlement?
Advance Settlement is a feature on your Payment Gateway platform that allows you to instantly withdraw unsettled payments, within a specified limit, to your designated corporate account.
How to use Advance Settlement?
Activating your Advance Settlement
Follow the steps by steps below to activate your Advance Settlement:
Access the Duitku dashboard via "Payment Gateway" on your Aspire account
Click on "Advance Settlement" in the left navigation bar
Click on "Get started"
Next, you may agree to the terms and conditions, then click on "Request for Advance settlement"
The limit granted for your Advance Settlement will depend on factors such as your business’s industry, past bank/financial statements, and other relevant criteria.
How does Advance Settlement Work?
Advance Settlement granted: Once the Advance Settlement feature is approved, your business will receive a certain amount of limit. This limit allows you to instantly withdraw unsettled payments from your Payment Gateway to your designated corporate account.
A customer makes a Payment Gateway transaction: If a customer has made a payment gateway transaction, then the amount of that transaction will be accumulated in the available unsettled funds, which becomes available for instant withdrawal.
Withdraw using Advance Settlement: If you choose to withdraw funds using your Advance Settlement, you may choose to withdraw them to your added corporate account. Your withdrawn amount will be deducted from the granted Advance Settlement limit. You can follow this steps by steps to withdraw your funds using the Advance Settlement feature.
Auto Repayment: Once the payments are settled* into your Total Balance, the repayment amount will be automatically deducted. This means you won't need to make any manual transfers!
*It usually takes 1-3 business days until the payments are settled in your Total Balance.
How many funds can I withdraw from my Advance Settlement?
The amount of funds that you can withdraw from your Advance Settlement will depend on the available unsettled funds that you have received in your Payment Gateway.
Example: You have received a payment of IDR 5M through your payment gateway. The IDR 5M will appear as available unsettled funds, meaning the payment has not yet been received in your Total Balance but is available for withdrawal using your Advance Settlement.
Your available limit represents the maximum amount you can withdraw in total.
Therefore, once you withdraw the funds, the amount will be deducted from your available limit.
Withdrawing funds via Advance Settlement
Follow the steps by steps below to withdraw your funds using Advance Settlement:
Access the Duitku dashboard via "Payment Gateway" on your Aspire account
Click on "Advance Settlement" in the left navigation bar
Click on "Instant Withdraw"
Next, fill in the amount you want to withdraw and choose the corporate account you want to make the transfer to
Finally, click on "Instant withdraw" to send the transfer.
Notes:
Advance Settlement fee will be calculated based on the payment options used.
For non-Permata banks, the minimum amount of withdrawal is IDR 200K, and the maximum amount is IDR 250 M
The number of withdrawals you can make is unlimited as long as there are available unsettled funds and available limits.
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