{"id":10746,"date":"2025-12-02T19:39:52","date_gmt":"2025-12-02T14:09:52","guid":{"rendered":"https:\/\/helpcenter.nexterp.in\/helpcenter\/?p=10746"},"modified":"2025-12-02T19:39:53","modified_gmt":"2025-12-02T14:09:53","slug":"how-the-settlement-take-place-after-a-successful-fee-payment","status":"publish","type":"post","link":"https:\/\/helpcenter.nexterp.in\/helpcenter\/how-the-settlement-take-place-after-a-successful-fee-payment\/","title":{"rendered":"How the settlement take place after a successful fee payment?"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>After a parent makes a successful online fee payment, the payment gateway processes the transaction and settles the amount into the school\u2019s designated  bank account. The settlement flow usually works as follows:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>1. Payment Confirmation<\/strong><\/h3>\n\n\n\n<p>Once the payment is completed, the payment gateway confirms the transaction and generates a receipt for the parent.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>2. Processing Time<\/strong><\/h3>\n\n\n\n<p>The payment gateway processes the transaction.<br>Settlement typically takes <strong>T+1 or T+2 working days<\/strong>, depending on:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>the payment method (card, UPI, net banking, etc.)<\/li>\n\n\n\n<li>the bank and payment gateway\u2019s settlement cycle.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>3. Settlement to the School Account<\/strong><\/h3>\n\n\n\n<p>After processing, the payment amount is transferred to the school\u2019s bank account <strong>after deducting payment gateway charges<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>4. Automatic Update in <\/strong>NextOS<\/h3>\n\n\n\n<p>Once parents complete the payment, the transaction status is automatically updated in the <strong>NextOS system<\/strong> &amp; <strong>receipt gets generated<\/strong>.<\/p>\n\n\n\n<p>The school\u2019s Fee Incharge can verify the status of the payment\u2014whether successful or failed\u2014on the <strong>Online Transaction<\/strong> page.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After a parent makes a successful online fee payment, the payment gateway processes the transaction and settles the amount into the school\u2019s designated bank account. The settlement flow usually works as follows: 1. Payment Confirmation Once the payment is completed, the payment gateway confirms the transaction and generates a receipt for the parent. 2. Processing &hellip; <a href=\"https:\/\/helpcenter.nexterp.in\/helpcenter\/how-the-settlement-take-place-after-a-successful-fee-payment\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;How the settlement take place after a successful fee payment?&#8221;<\/span><\/a><\/p>\n","protected":false},"author":26,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1128],"tags":[1127,1129],"post_folder":[],"class_list":["post-10746","post","type-post","status-publish","format-standard","hentry","category-payment-gateway-onboarding","tag-payment-gateway-integration","tag-payment-gateway-onboarding"],"_links":{"self":[{"href":"https:\/\/helpcenter.nexterp.in\/helpcenter\/wp-json\/wp\/v2\/posts\/10746","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/helpcenter.nexterp.in\/helpcenter\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/helpcenter.nexterp.in\/helpcenter\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/helpcenter.nexterp.in\/helpcenter\/wp-json\/wp\/v2\/users\/26"}],"replies":[{"embeddable":true,"href":"https:\/\/helpcenter.nexterp.in\/helpcenter\/wp-json\/wp\/v2\/comments?post=10746"}],"version-history":[{"count":2,"href":"https:\/\/helpcenter.nexterp.in\/helpcenter\/wp-json\/wp\/v2\/posts\/10746\/revisions"}],"predecessor-version":[{"id":17791,"href":"https:\/\/helpcenter.nexterp.in\/helpcenter\/wp-json\/wp\/v2\/posts\/10746\/revisions\/17791"}],"wp:attachment":[{"href":"https:\/\/helpcenter.nexterp.in\/helpcenter\/wp-json\/wp\/v2\/media?parent=10746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/helpcenter.nexterp.in\/helpcenter\/wp-json\/wp\/v2\/categories?post=10746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/helpcenter.nexterp.in\/helpcenter\/wp-json\/wp\/v2\/tags?post=10746"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/helpcenter.nexterp.in\/helpcenter\/wp-json\/wp\/v2\/post_folder?post=10746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}