Batch Settlement

Efficiently managing your funds is crucial for smooth business operations. Our automated batch settlement feature ensures that funds in Acquired.com accounts can be automatically transferred to your designated external account daily, streamlining your financial management.

Get in touch with Acquired.com to get started today.

How Automated Settlements Work

The scheduled process runs daily at 05:00 UTC.

At this time, funds from your chosen Acquired.com accounts will be automatically transferred to the external bank account you've configured for withdrawals. This means less manual effort for you and quicker access to your earnings.

Configuration Options

We understand that every business has unique needs. That's why we've provided two key configuration options to give you control over your automated settlements:

• Float Amount: you can specify a "Float Amount" to retain in your Acquired.com account after each settlement. This is useful if you want to keep a certain balance in your account for operational needs or to cover potential refunds.
• Minimum Transfer Threshold: If the amount available for transfer in your account falls below this threshold after factoring in your float, no transfer will be executed for that day. This prevents small, frequent transfers and allows funds to accumulate until a more substantial amount is available.

Getting Started

To utilise automated settlements, your Acquired.com implementations team can help you configure your desired external withdrawal account, your float amount, and your minimum transfer threshold.

To find out more about our Accounts functionality, or get started with processing Faster Payments payouts, read more here.