Batch Settlement
Automatically sweep the funds from your ledger to your dedicated withdrawal account
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.
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 Acquired has configured for your withdrawals. This means less manual effort for you and quicker access to your earnings.
Getting Started
To utilise automated settlements, your Acquired.com customer support team can help you configure your desired external withdrawal account, your float amount, and your minimum transfer threshold.
If you would like to avail of this solution please raise a ticket to our customer support team and provide the bank account details along with proof of bank account so we can configure this on your behalf.
When contacting us to enable this feature please provide us with the Float Amount & Minimum Transfer Thresholds values that you require. Information on these configuration options can be found below.
Withdraw all fundsTo withdraw all funds from the ledger on a daily basis the Float Amount & Minimum Transfer Threshold will need to be set to zero
Configuration Options
- Float Amount: The "Float Amount" is the value amount that will remain 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.
To find out more about our Accounts functionality, or get started with processing Faster Payments payouts, read more here.
Updated 9 days ago