Fintech
Settlement (payments)
The actual movement of money between banks to complete a payment, which can happen hours or days after the payment is approved. Not the same as a settlement agreement.
A plain-English explanation, not financial or tax advice. Rules and rates change, so check your own situation. For free, impartial guidance, try MoneyHelper. Disclaimer.
You'll hear it as
Card payments settle in two days, so cash arrives later than sales.
Also called Settlement (bank payments).
Related terms.
Videos.
No video mentions Settlement (payments) by name yet. These are on the same topic, Business & startups.