Instant Card Settlement
Instant Card Settlement allows merchants to receive money instantly into their linked ICICI Bank Current Account - on Eazypay POS transactions - instead of the next day settlement cycle.
Why should merchants opt for Instant Card Settlement?
- Daily Instant money transfer, including weekends and bank holidays
- Empowers merchants to reinvest their funds into business purchases immediately or cover bills and other expenses safely
- No documents required for activation
- Direct flow of money into linked Bank Current account, instead of a third party wallet
Additional Charges* Applicable for “Instant Card Settlement”
- Debit Cards: Merchant Discount Rate (MDR) + 0.08%
- Credit Cards: MDR + 0.20%
How do you apply for Instant Card Settlement?
Instant Card Settlement facility is extended only to Individual and Proprietorship accounts and can be availed through the InstaBIZ app - ‘Merchant view’ only.
*Terms and Conditions apply.
Applicable on specific POS terminal- Smart on the Move(D200), GPRS and Android POS(APOS) terminals only.
This facility will be enabled subject to approval.
International BIN, Amex, Pre-Auth, Pre-Auth Completion, Fallback and MOTO type of transactions shall be not eligible for POS Instant Card Settlement.