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Settlement

PayLater providers will settle the full amount upfront, regardless of the installment plans your customers choose. Your customers' loan repayment will only be between them and the PayLater providers.

Aggregator model

In the aggregator model, all transactions will be settled to your Xendit Dashboard, where you can make withdrawal anytime.

PayLater settlement flow for Aggregator Model

Switcher model

In the switcher model, PayLater Provider settles directly to Merchant’s bank account; Xendit is not involved in the settlement process.

PayLater settlement flow for Switcher Model

Settlement Summary Table

PayLater channelCommercial ModelSettlement timeBilling
KredivoAggregatorT+4 business daysFees and VAT will be deducted upon settlement to available balance
AkulakuAggregatorT+2 business daysFees and VAT will be deducted upon settlement to available balance
UangMeAggregatorT+2 business daysFees and VAT will be deducted upon settlement to available balance
IndodanaAggregatorT+2 business daysFees and VAT will be deducted upon settlement to available balance
BilleaseAggregatorT+3 business daysFees and VAT will be deducted upon settlement to available balance
CashaloAggregatorT+4 business daysFees and VAT will be deducted upon settlement to available balance
KredivoSwitcherFriday for Mon 00:00 - Wed 23:59 GMT+7 transactions
Tuesday for Thu 00:00 - Sun 23:59 GMT+7 transactions
Fees will be deducted by Kredivo upon settlement to Merchant’s bank account