An anticipated settlement date is the date on which a transaction will be expected to be completed and funds transferred from the payer to the merchants bank account.
In the travel industry, managing anticipated settlement dates helps ensure timely payment processing and cash flow management, particularly for bookings with contractual payment schedules.
Predicting and managing settlement dates can be complex due to factors such as bank processing times and currency exchange delays, requiring travel companies to maintain clear communication and contingencies.
- The anticipated settlement date indicates when funds will be transferred.
- It is crucial for payment processing and cash flow in travel.
- Accurate prediction and management require coordination and contingencies.
Felloh helps travel businesses manage anticipated settlement dates by providing real-time insights into payment processing timelines. The platform ensures that businesses can accurately predict when funds will be settled into their accounts, improving cash flow management. Felloh’s platform offers detailed reporting and tracking tools, helping travel companies stay informed about their transaction statuses and plan accordingly. By streamlining the settlement process, Felloh reduces uncertainty and enhances financial transparency for travel businesses.
Bulk settlement occurs when multiple individual transactions are processed and deposited into your bank account as a single batch. For example, if you receive 10 x £500 payments in one day, a £5000 bulk settlement will be deposited the next day. Felloh’s system breaks down each bulk settlement, associating the settled funds back to individual bookings, making reconciliation easy.
