Settlement

Settlement Frequency

Depending on the plan you choose, the settlement frequency will be slightly different.

‘T’ represents the transaction date + the number of days for the settlement to be transferred to your account.

Settlement Schedule & Rates Explained

Settlement schedule explained for each subscription model, using card payment as the reference to calculate MDR rate.

Settlement Parties

The settlement party is the company or acquirer responsible for transferring funds to your merchant bank account. Please be aware that not all payments will be processed by Syntrino Solutions, and this will be reflected in your merchant bank statement.

Settlement Terms

• Merchant must have provided valid and verified bank accounts details to SwiF for settlement.
• Merchant account must be active meaning all your documents are in order and you have paid the yearly subscription fee.
• Minimum settlement must reach RM100. Settlement will not be made until the total payment from your customers reaches the minimum of RM100.
• In some cases SwiF may request the proof of delivery to proceed with the settlement.
• In case of suspicious activity detected by the issuing bank, the settlement schedule in place will not apply until the transaction has been verified.