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Instant Card Settlement

Instant Card Settlement allows merchants to receive money instantly into their linked ICICI Bank Current Account - on Eazypay POS transactions - instead of the next day settlement cycle.


Why should merchants opt for Instant Card Settlement?

  • Daily Instant money transfer, including weekends and bank holidays
  • Empowers merchants to reinvest their funds into business purchases immediately or cover bills and other expenses safely
  • No documents required for activation
  • Direct flow of money into linked Bank Current account, instead of a third party wallet

Additional Charges* Applicable for “Instant Card Settlement”

  • Debit Cards: Merchant Discount Rate (MDR) + 0.08%
  • Credit Cards: MDR + 0.20%

*GST applicable

How do you apply for Instant Card Settlement?

Instant Card Settlement facility is extended only to Individual and Proprietorship accounts and can be availed through the InstaBIZ app - ‘Merchant view’ only.

*Terms and Conditions apply.
Applicable on specific POS terminal- Smart on the Move(D200), GPRS and Android POS(APOS) terminals only.
This facility will be enabled subject to approval.
International BIN, Amex, Pre-Auth, Pre-Auth Completion, Fallback and MOTO type of transactions shall be not eligible for POS Instant Card Settlement.