{"templateId":"markdown","sharedDataIds":{"sidebar":"sidebar-guides/sidebars.yaml"},"props":{"metadata":{"markdoc":{"tagList":["sub-heading","admonition","img","tabs","tab"]},"type":"markdown"},"seo":{"title":"Configure settlement profiles","description":"Transform your commerce with PXP's unified platform—seamless payments, real-time insights, and global growth in one powerful integration.","lang":"en-UK","siteUrl":"https://developer.pxp.io"},"dynamicMarkdocComponents":[],"compilationErrors":[],"ast":{"$$mdtype":"Tag","name":"article","attributes":{},"children":[{"$$mdtype":"Tag","name":"Heading","attributes":{"level":1,"id":"configure-settlement-profiles","__idx":0},"children":["Configure settlement profiles"]},{"$$mdtype":"Tag","name":"SubHeading","attributes":{},"children":[{"$$mdtype":"Tag","name":"p","attributes":{},"children":["Control how and when your funds are settled."]}]},{"$$mdtype":"Tag","name":"Heading","attributes":{"level":2,"id":"overview","__idx":1},"children":["Overview"]},{"$$mdtype":"Tag","name":"p","attributes":{},"children":[{"$$mdtype":"Tag","name":"strong","attributes":{},"children":["Settlement profiles"]}," are the foundation of your settlement configuration. They define when your business day ends, which sites share the same settlement schedule, and how funds are routed to your bank accounts."]},{"$$mdtype":"Tag","name":"p","attributes":{},"children":["Think of a settlement profile as a set of rules that tells PXP:"]},{"$$mdtype":"Tag","name":"ul","attributes":{},"children":[{"$$mdtype":"Tag","name":"li","attributes":{},"children":["When to calculate your daily balance (cutoff time)."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["Which sites or merchants use these rules (entity coverage)."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["Where to send your funds (bank account routing)."]}]},{"$$mdtype":"Tag","name":"p","attributes":{},"children":["Most merchants need just one settlement profile, but you can create multiple profiles if different parts of your business require separate settlement schedules or bank accounts."]},{"$$mdtype":"Tag","name":"Admonition","attributes":{"type":"info"},"children":[{"$$mdtype":"Tag","name":"p","attributes":{},"children":["Every site must be assigned to exactly one settlement profile before you can activate the Card service."]}]},{"$$mdtype":"Tag","name":"Heading","attributes":{"level":2,"id":"how-it-works","__idx":2},"children":["How it works"]},{"$$mdtype":"Tag","name":"Heading","attributes":{"level":3,"id":"cutoff-times","__idx":3},"children":["Cutoff times"]},{"$$mdtype":"Tag","name":"p","attributes":{},"children":["The ",{"$$mdtype":"Tag","name":"strong","attributes":{},"children":["cutoff time"]}," defines when your business day ends. Once the cutoff time is reached, the accrual process ends and the calculation of your daily balance starts."]},{"$$mdtype":"Tag","name":"ol","attributes":{},"children":[{"$$mdtype":"Tag","name":"li","attributes":{},"children":["Transactions accumulate throughout the day until the cutoff time."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["At cutoff, the system stops accepting new transactions into that day's accrual and the accrual process ends."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["Calculation begins for the merchant daily balance."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["Settlement triggers fire based on your cycle (daily, weekly, or monthly)."]}]},{"$$mdtype":"Tag","name":"Heading","attributes":{"level":4,"id":"configuration-options","__idx":4},"children":["Configuration options"]},{"$$mdtype":"Tag","name":"p","attributes":{},"children":["The default cutoff is midnight (12:00 AM GMT), but you can adjust it by hour increments:"]},{"$$mdtype":"Tag","name":"ul","attributes":{},"children":[{"$$mdtype":"Tag","name":"li","attributes":{},"children":[{"$$mdtype":"Tag","name":"strong","attributes":{},"children":["Before midnight:"]}," -5 hours, -4 hours, -3 hours, -2 hours, -1 hour"]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":[{"$$mdtype":"Tag","name":"strong","attributes":{},"children":["After midnight:"]}," +1 hour, +2 hours, +3 hours, +4 hours, +5 hours"]}]},{"$$mdtype":"Tag","name":"Admonition","attributes":{"type":"info"},"children":[{"$$mdtype":"Tag","name":"p","attributes":{},"children":["If your business spans multiple locations in different time zones, set the cutoff to UTC to ensure consistency."]}]},{"$$mdtype":"Tag","name":"Heading","attributes":{"level":3,"id":"entity-coverage","__idx":5},"children":["Entity coverage"]},{"$$mdtype":"Tag","name":"p","attributes":{},"children":[{"$$mdtype":"Tag","name":"strong","attributes":{},"children":["Entity coverage"]}," determines which sites share the same settlement profile. Entities within the same profile share the same accrual (like buckets). The highest entity level is the merchant."]},{"$$mdtype":"Tag","name":"p","attributes":{},"children":["You can configure a settlement profile to cover:"]},{"$$mdtype":"Tag","name":"ul","attributes":{},"children":[{"$$mdtype":"Tag","name":"li","attributes":{},"children":[{"$$mdtype":"Tag","name":"strong","attributes":{},"children":["All sites"]}," within your merchant account (single-profile setup)"]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":[{"$$mdtype":"Tag","name":"strong","attributes":{},"children":["One or more specific sites"]}," (multi-profile setup)"]}]},{"$$mdtype":"Tag","name":"Heading","attributes":{"level":4,"id":"configuration-rules","__idx":6},"children":["Configuration rules"]},{"$$mdtype":"Tag","name":"p","attributes":{},"children":["The following configuration rules apply:"]},{"$$mdtype":"Tag","name":"ul","attributes":{},"children":[{"$$mdtype":"Tag","name":"li","attributes":{},"children":["Every site must be included in exactly one settlement profile, even if the site isn't active."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["One site can only belong to one settlement profile. Overlaps between profiles are not allowed."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["Sites can be moved between profiles. This creates a new version of both profiles."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["New sites must be added manually. They won't be auto-assigned to any profile."]}]},{"$$mdtype":"Tag","name":"Admonition","attributes":{"type":"warning"},"children":[{"$$mdtype":"Tag","name":"p","attributes":{},"children":["Settlement profiles can't be saved if any site is missing from a profile or if a site appears in multiple profiles. Ensure all sites are assigned to exactly one profile before saving."]}]},{"$$mdtype":"Tag","name":"Heading","attributes":{"level":3,"id":"settlement-routing","__idx":7},"children":["Settlement routing"]},{"$$mdtype":"Tag","name":"p","attributes":{},"children":[{"$$mdtype":"Tag","name":"strong","attributes":{},"children":["Settlement routing"]}," controls how different transaction currencies are converted and directed to your bank accounts. Default routing applies to all transactions unless you create exception rules. It prioritises like-for-like settlement, with ",{"$$mdtype":"Tag","name":"code","attributes":{},"children":["GBP"]}," transactions being routed to a ",{"$$mdtype":"Tag","name":"code","attributes":{},"children":["GBP"]}," bank account, ",{"$$mdtype":"Tag","name":"code","attributes":{},"children":["EUR"]}," transactions to an ",{"$$mdtype":"Tag","name":"code","attributes":{},"children":["EUR"]}," bank account, and so on - with no currency conversion."]},{"$$mdtype":"Tag","name":"Heading","attributes":{"level":2,"id":"default-settlement-profile","__idx":8},"children":["Default settlement profile"]},{"$$mdtype":"Tag","name":"p","attributes":{},"children":["When settlement is first enabled for your merchant account, PXP automatically creates a default settlement profile with these settings:"]},{"$$mdtype":"Tag","name":"div","attributes":{"className":"md-table-wrapper"},"children":[{"$$mdtype":"Tag","name":"table","attributes":{"className":"md"},"children":[{"$$mdtype":"Tag","name":"thead","attributes":{},"children":[{"$$mdtype":"Tag","name":"tr","attributes":{},"children":[{"$$mdtype":"Tag","name":"th","attributes":{"width":"30%","data-label":"Setting"},"children":["Setting "]},{"$$mdtype":"Tag","name":"th","attributes":{"data-label":"Description"},"children":["Description"]}]}]},{"$$mdtype":"Tag","name":"tbody","attributes":{},"children":[{"$$mdtype":"Tag","name":"tr","attributes":{},"children":[{"$$mdtype":"Tag","name":"td","attributes":{},"children":[{"$$mdtype":"Tag","name":"strong","attributes":{},"children":["All sites selected"]}]},{"$$mdtype":"Tag","name":"td","attributes":{},"children":["Every site under your merchant account uses this profile."]}]},{"$$mdtype":"Tag","name":"tr","attributes":{},"children":[{"$$mdtype":"Tag","name":"td","attributes":{},"children":[{"$$mdtype":"Tag","name":"strong","attributes":{},"children":["Cutoff time"]}]},{"$$mdtype":"Tag","name":"td","attributes":{},"children":["Midnight (12:00 AM GMT)."]}]},{"$$mdtype":"Tag","name":"tr","attributes":{},"children":[{"$$mdtype":"Tag","name":"td","attributes":{},"children":[{"$$mdtype":"Tag","name":"strong","attributes":{},"children":["Default routing"]}]},{"$$mdtype":"Tag","name":"td","attributes":{},"children":["Transactions are settled \"like for like\" when a matching bank account exists (transactions in GBP settle to a GBP bank account, transactions in EUR settle to an EUR bank account, etc.). Transactions with currencies that don't have a matching bank account settle into the bank account with your merchant's official country currency. Note that currently only ",{"$$mdtype":"Tag","name":"code","attributes":{},"children":["GBP"]}," is supported as a settlement currency."]}]},{"$$mdtype":"Tag","name":"tr","attributes":{},"children":[{"$$mdtype":"Tag","name":"td","attributes":{},"children":[{"$$mdtype":"Tag","name":"strong","attributes":{},"children":["Settlement currency"]}]},{"$$mdtype":"Tag","name":"td","attributes":{},"children":["Matches the bank account currency."]}]}]}]}]},{"$$mdtype":"Tag","name":"p","attributes":{},"children":["You can edit this default profile at any time to match your business needs."]},{"$$mdtype":"Tag","name":"Admonition","attributes":{"type":"info"},"children":[{"$$mdtype":"Tag","name":"p","attributes":{},"children":["When you create new sites after initial configuration, you'll need to add them manually to a settlement profile. Otherwise, you won't be able to activate the Card service for those sites."]}]},{"$$mdtype":"Tag","name":"Heading","attributes":{"level":2,"id":"edit-a-settlement-profile","__idx":9},"children":["Edit a settlement profile"]},{"$$mdtype":"Tag","name":"Admonition","attributes":{"type":"warning"},"children":[{"$$mdtype":"Tag","name":"p","attributes":{},"children":["Changing a settlement profile creates a new version. You can't revert to the old version, but the old configuration is preserved for any in-progress accruals."]}]},{"$$mdtype":"Tag","name":"p","attributes":{},"children":["To edit an existing settlement profile:"]},{"$$mdtype":"Tag","name":"ol","attributes":{},"children":[{"$$mdtype":"Tag","name":"li","attributes":{},"children":["In the ",{"$$mdtype":"Tag","name":"a","attributes":{"href":"https://portal.pxp.io","target":"_blank"},"children":["Unity Portal"]},", go to ",{"$$mdtype":"Tag","name":"strong","attributes":{},"children":["Merchant setup > Merchants"]},"."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["Select a merchant."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["In the ",{"$$mdtype":"Tag","name":"em","attributes":{},"children":["Settlement"]}," tab, click ",{"$$mdtype":"Tag","name":"strong","attributes":{},"children":["Settlement profiles"]},"."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["Select a settlement profile from the list on the left side of your screen."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["Update your settlement profile information and/or frequency.",{"$$mdtype":"Tag","name":"Image","attributes":{"src":"/assets/settlement-profiles.3c0a8b446315758204f615ec72b1996ddd327b2127f60a392840dd4b4dce9e42.6516a5d7.png","alt":"","framed":false,"withLightbox":true,"className":"screenshot","width":"","height":"","align":"center"},"children":[]}]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["Click ",{"$$mdtype":"Tag","name":"strong","attributes":{},"children":["Save all profiles"]}," in the top right."]}]},{"$$mdtype":"Tag","name":"Heading","attributes":{"level":2,"id":"create-a-profile","__idx":10},"children":["Create a profile"]},{"$$mdtype":"Tag","name":"p","attributes":{},"children":["You might need multiple settlement profiles if different sites need different cutoff times or you want separate bank accounts for different business units."]},{"$$mdtype":"Tag","name":"Tabs","attributes":{"size":"medium"},"children":[{"$$mdtype":"Tag","name":"TabItemFragment","attributes":{"label":"Create a new profile","disable":false},"children":[{"$$mdtype":"Tag","name":"p","attributes":{},"children":["To create a new settlement profile:"]},{"$$mdtype":"Tag","name":"ol","attributes":{},"children":[{"$$mdtype":"Tag","name":"li","attributes":{},"children":["In the ",{"$$mdtype":"Tag","name":"a","attributes":{"href":"https://portal.pxp.io","target":"_blank"},"children":["Unity Portal"]},", go to ",{"$$mdtype":"Tag","name":"strong","attributes":{},"children":["Merchant setup > Merchants"]},"."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["Select a merchant."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["In the ",{"$$mdtype":"Tag","name":"em","attributes":{},"children":["Settlement"]}," tab, click ",{"$$mdtype":"Tag","name":"strong","attributes":{},"children":["Settlement profiles"]},". The list of existing settlement profiles is displayed on the left of your screen."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["Click ",{"$$mdtype":"Tag","name":"strong","attributes":{},"children":["+ Add profile"]},".",{"$$mdtype":"Tag","name":"Image","attributes":{"src":"/assets/add-settlement-profile.556c512e72f8412bcd9a6826c3a3e592617bbfe303dc651223e097c9c17f1a28.6516a5d7.png","alt":"","framed":false,"withLightbox":true,"className":"screenshot","width":"","height":"","align":"center"},"children":[]}]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["Complete the ",{"$$mdtype":"Tag","name":"em","attributes":{},"children":["Profile info"]}," section:",{"$$mdtype":"Tag","name":"ul","attributes":{},"children":[{"$$mdtype":"Tag","name":"li","attributes":{},"children":["Enter a descriptive profile name."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["Choose which entities to assign to this profile."]}]}]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["Optionally, set the timezone offset for the midnight cutoff by moving the slider left or right."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["Click ",{"$$mdtype":"Tag","name":"strong","attributes":{},"children":["+ Add"]}," in the top right. Your new settlement profile is created, but not saved yet. You can still make additional changes to this profile."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["When ready, click ",{"$$mdtype":"Tag","name":"strong","attributes":{},"children":["Save all profiles"]}," in the top right."]}]},{"$$mdtype":"Tag","name":"p","attributes":{},"children":["Your new settlement profile is saved and applied to your chosen entities."]}]},{"$$mdtype":"Tag","name":"TabItemFragment","attributes":{"label":"Copy an existing profile","disable":false},"children":[{"$$mdtype":"Tag","name":"p","attributes":{},"children":["To copy an existing settlement profile:"]},{"$$mdtype":"Tag","name":"ol","attributes":{},"children":[{"$$mdtype":"Tag","name":"li","attributes":{},"children":["In the ",{"$$mdtype":"Tag","name":"a","attributes":{"href":"https://portal.pxp.io","target":"_blank"},"children":["Unity Portal"]},", go to ",{"$$mdtype":"Tag","name":"strong","attributes":{},"children":["Merchant setup > Merchants"]},"."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["Select a merchant."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["In the ",{"$$mdtype":"Tag","name":"em","attributes":{},"children":["Settlement"]}," tab, click ",{"$$mdtype":"Tag","name":"strong","attributes":{},"children":["Settlement profiles"]},"."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["Select a settlement profile from the list on the left side of your screen."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["Click ",{"$$mdtype":"Tag","name":"strong","attributes":{},"children":["Duplicate"]},". A new profile is created, with ",{"$$mdtype":"Tag","name":"code","attributes":{},"children":["- Copy"]}," appended to the name of the original settlement profile."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["Update your settlement profile information and/or frequency."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["Click ",{"$$mdtype":"Tag","name":"strong","attributes":{},"children":["Save all"]}," in the top right. Your new settlement profile is created, but not saved yet. You can still make additional changes to this profile."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["When ready, click ",{"$$mdtype":"Tag","name":"strong","attributes":{},"children":["Save all profiles"]}," in the top right."]}]},{"$$mdtype":"Tag","name":"p","attributes":{},"children":["Your new settlement profile is saved and applied to your chosen entities."]}]}]},{"$$mdtype":"Tag","name":"Heading","attributes":{"level":2,"id":"delete-a-profile","__idx":11},"children":["Delete a profile"]},{"$$mdtype":"Tag","name":"p","attributes":{},"children":["To permanently delete a settlement profile:"]},{"$$mdtype":"Tag","name":"ol","attributes":{},"children":[{"$$mdtype":"Tag","name":"li","attributes":{},"children":["In the ",{"$$mdtype":"Tag","name":"a","attributes":{"href":"https://portal.pxp.io","target":"_blank"},"children":["Unity Portal"]},", go to ",{"$$mdtype":"Tag","name":"strong","attributes":{},"children":["Merchant setup > Merchants"]},"."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["Select a merchant."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["In the ",{"$$mdtype":"Tag","name":"em","attributes":{},"children":["Settlement"]}," tab, click ",{"$$mdtype":"Tag","name":"strong","attributes":{},"children":["Settlement profiles"]},"."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["Select a settlement profile from the list on the left side of your screen."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["Click ",{"$$mdtype":"Tag","name":"strong","attributes":{},"children":["Delete"]},". A confirmation modal opens."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["Click ",{"$$mdtype":"Tag","name":"strong","attributes":{},"children":["Yes, delete"]}," to confirm."]}]},{"$$mdtype":"Tag","name":"p","attributes":{},"children":["A success message is displayed at the top of your screen and the list of settlement profiles is updated."]}]},"headings":[{"value":"Configure settlement profiles","id":"configure-settlement-profiles","depth":1},{"value":"Overview","id":"overview","depth":2},{"value":"How it works","id":"how-it-works","depth":2},{"value":"Cutoff times","id":"cutoff-times","depth":3},{"value":"Configuration options","id":"configuration-options","depth":4},{"value":"Entity coverage","id":"entity-coverage","depth":3},{"value":"Configuration rules","id":"configuration-rules","depth":4},{"value":"Settlement routing","id":"settlement-routing","depth":3},{"value":"Default settlement profile","id":"default-settlement-profile","depth":2},{"value":"Edit a settlement profile","id":"edit-a-settlement-profile","depth":2},{"value":"Create a profile","id":"create-a-profile","depth":2},{"value":"Delete a profile","id":"delete-a-profile","depth":2}],"frontmatter":{"seo":{"title":"Configure settlement profiles"}},"lastModified":"2026-05-13T12:32:21.000Z","pagePropGetterError":{"message":"","name":""}},"slug":"/guides/settlement/settlement-profiles","userData":{"isAuthenticated":false,"teams":["anonymous"]},"isPublic":true}