π΄ This feature is available only for PayMongo Wallet users. Learn how to activate your PayMongo Wallet here.
Great news! With the new instant settlement feature, you can now access all your GCash and QR Ph payments instantly and conveniently! Skip the waiting time for payouts and receive your GCash and QR Ph payments as soon as they're paid, directly in your PayMongo Wallet. π±
Once activated for Instant settlement, all your GCash, QR Ph and Card payments will be credited instantaneously to your PayMongo wallet. You can check the breakdown of the payment via your Wallet Dashboard following the steps below:
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1. Go to your Wallet Dashboard page and click on the link of the transaction your want to view under 'transaction details' e link of the transaction your want to view under 'transaction details'
2. You'll see the payment details, inclusive of your transactions.
How can I activate the Instant Settlement feature? β¨
Make sure to activate your PayMongo Wallet feature first. After this, send an email request for activation to [email protected] for configuration. For requests submitted before 3 PM, your account will be configured on the same day by end of day. For requests submitted beyond 3 PM, your account will be configured on the next working day.
Is there a fee for this feature? β
Yes, there's a small fee of 1% per transaction. This fee will be charged on top of your current transaction fee rate for GCash, QR Ph and Cards. The fee is deducted from the transaction amount, so you'll receive the net amount for each transaction.
Will this be available for other payment options such as card payments and other e-wallets? β
Yes, instant settlement for Maya, GrabPay, and Online Banking will be coming soon.
Is there a limit to the amount of cash I receive instantly? β©
There's no limit to the amount that you can receive instantly.
Can I opt out of the instant settlement feature? β
Yes, you can opt-out anytime. You can file a request for opting out to [email protected].
For any other questions or concerns, feel free to reach out to [email protected] so we can assist you! π±
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