To optimize the use of MAP for Finance Team, we provide ‘Billings**’** menu to find out any financial information between merchant and Midtrans. On this page merchant can see the total amount of disbursable transactions (payout), bank account information designated for transaction settlement, history of funds settlement, and others.

Settlement of Transactions Funds

Midtrans will do the settlement of transactions funds to the merchant’s account registered on MAP and that has been adjusted to the cooperation agreement between merchant and Midtrans.

Billing Terms

The Mechanism of Transaction Funds Settlement

Midtrans has two funds settlement mechanisms that can be adjusted to merchant’s need, i.e. processed manually and automatically. Please note that there is a minimum requirement of transaction fund disbursable, i.e. Rp 50,000 (fifty thousand rupiahs). If the nominal fund to be settled is less than Rp 50,000, we will wait until that limit is reached.

1. Manual disbursement of transaction fundsYou can click ‘Transfer’ button on ‘Billings’ menu when you want to settle the funds. The conditions for manual mechanism are:
   • Midtrans will transfer of transactions funds, after having been deducted by transaction fee to the merchant’s account on the same business day if the application for fund disbursement is submitted by merchant before 11:00 am.
   • If the request for fund settlement is submitted by merchant after 11:00 am, then Midtrans will process the fund transfer on the following business day.
2. Automatic settlement of transactions funds The settlement of transaction funds can automatically be made through ‘Settings >> ‘Billings’ >> ‘Billing Configuration*’*** menu. For ‘1 day’ option, fund settlement will be made each business day automatically. While for ‘3 days’ option, fund disbursement will be made once in every 3 days.

Examples:

1. Merchant has a clause in the agreement for fund settlement on D+5 since the transaction date.
2. Merchant activates automatic fund settlement feature once in every 3 days.

Remarks:

1. On D+3, fund settlement can’t be made since the fund is not available yet.
2. On D+5, fund is already available for settlement.
3. On D+6, automatic fund settlement is made since fund is already available.