Clearing
Clearing Day: transmitting, aggregating, and netting transaction data and relevant fees for payments and refunds, prior to settlement, will be consolidated the results to report to acquirers, T+1 by default.
Clearing Files
Clearing Files: including Transactions Detail Report, Transaction Summary Report, and Fee Reports. Please check the details below:
| Name | Description | Tasks | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Transaction Detail Report | Transaction Detail Report specifies the transaction details for payments and refunds that are cleared during a clearing cycle and are to be settled in a certain currency. The detailed information includes the transaction count, type, time, amount, transaction ID, the ID of the involved parties, and the fees of each transaction. | Used to check the transaction amount and settlement amount of each transaction that is cleared during the clearing cycle and to be settled in a certain currency. | |||||||||||||||||||||
| Fee Report | Fee Report summarizes the fee totals for transactions that are cleared during a clearing cycle and are to be settled in a certain currency. Also, fee details such as the amount, currency, type, time of each fee, and the ID of the related transactions are included. | Used to check the fee amount of each transaction that is cleared during the clearing cycle and to be settled in a certain currency. | |||||||||||||||||||||
| Transaction Summary Report | Transaction Summary Report Transaction Summary Report summarizes the total amount of transactions that were cleared during a clearing cycle and are to be settled in a certain currency. If there is only one clearing cycle in the settlement cycle, the total settlement amount in the Transaction Summary Report and the one in the Settlement Report are the same. | Used to check the total settlement amount of all the transactions that are cleared during the clearing cycle and to be settled in a certain currency. | |||||||||||||||||||||
| Generation schedule | |||||||||||||||||||||||
| All clearing files are generated at 08:00 AM UTC+8 on T+1 day on a daily basis, including holidays. | |||||||||||||||||||||||
For more information, read here
Settlement
Settlement Cycle: T+2 by default. (T refers to transactions day)
Settlement Day: From Alipay+ settle money to our acquirer partners, T+2 by default.
Settlement Currency: 20+ currencies by different acquirer's bank account regions.
Settlement Threshold: depend on the settlement currency.
Acquirer Bank Account Region | Settlement Currency | Transaction Currency | Settlement cycle | Settlement Threshold |
|---|---|---|---|---|
| GB | GBP | GBP/EUR/HKD/JPY/KRW/SGD/THB/MYR/SGD/THB/MYR/PHP/IDR | T+2 | GBP 3,500 |
| GB | EUR | EUR/HKD/JPY/KRW/SGD/THB/MYR/SGD/THB/MYR/PHP/IDR | T+2 | EUR 4,000 |
| GB | USD | USD/EUR/HKD/JPY/KRW/SGD/THB/MYR/SGD/THB/MYR/PHP/IDR | T+2 | USD 5,000 |
| EEA | GBP | GBP/EUR/HKD/JPY/KRW/SGD/THB/MYR/SGD/THB/MYR/PHP/IDR | T+2 | GBP 3,500 |
| EEA | CZK | CZK/EUR/HKD/JPY/KRW/SGD/THB/MYR/SGD/THB/MYR/PHP/IDR | T+2 | CZK 100,000 |
| EEA | NOK | NOK/EUR/HKD/JPY/KRW/SGD/THB/MYR/SGD/THB/MYR/PHP/IDR | T+2 | NOK 43,000 |
| EEA | SEK | SEK/EUR/HKD/JPY/KRW/SGD/THB/MYR/SGD/THB/MYR/PHP/IDR | T+2 | SEK 43,000 |
| EEA | CHF | CHF/EUR/HKD/JPY/KRW/SGD/THB/MYR/SGD/THB/MYR/PHP/IDR | T+2 | CHF 4,500 |
| EEA | USD | USD/EUR/HKD/JPY/KRW/SGD/THB/MYR/SGD/THB/MYR/PHP/IDR | T+2 | USD 5,000 |
| KR | KRW | KRW/EUR/HKD/JPY/KRW/SGD/THB/MYR/SGD/THB/MYR/PHP/IDR | T+2 | KRW 5,500,000 |
Settlement Report
| Name | Description | Tasks | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Settlement Report | Settlement Report states the net settlement amount in a certain currency payable or receivable by the ACQP for the settlement cycle. Also, the net settlement amount, net transaction amount, and the respective currencies for every clearing cycle within the settlement cycle are included. | Used to check the total settlement amount of all the transactions that are cleared during the settlement cycle and are settled in a certain currency. | |||||||||||||||||||||
| Generation schedule | |||||||||||||||||||||||
| Settlement Reports are generated at 08:00 AM UTC+8 on the agreed settlement date (T+2 by default). Only on Common Business Days. | |||||||||||||||||||||||
Note: Reports generated by Alipay+ use Line Feed (LF) as the line break.
For more information, read here