Funding
Funds from payment acceptance transactions that are successfully completed via the uP Platform are settled to NomuPay's Unified Balances Account with a T+X timeframe. For example, if a transaction is successfully completed on Wednesday, NomuPay will receive settlement of the funds for this transaction X business days following the successful transaction date.
The number of business days (i.e., "X") is dependent on multiple factors, including the payment method, country where the transaction took place, etc. The NomuPay team will provide you with a more exact understanding of settlement timelines during the onboarding process. Once funds are settled to NomuPay, they are automatically funded into a Merchant's Unified Balance (minus any fees and/or deducted taxes).
In the uP Path solution, funds that are sent to a Merchant's Unified Balance, will only be withdrawn to an associated bank account following the Payments Partner System's instruction to do so. Payments Partner System are required to provide bank account details for their Merchants via the Transfer Method onboarding API.