Card Payments - Settlement
All funds from transactions processed on a given day are transferred to the client’s bank account on the next banking day following the day of settlement. All such funds are transferred directly from eCard’s settlement partner bank to the client’s bank without passing through eCard's own bank accounts.
All funds are transferred using the national elixir banking system in the form of a single money transfer for all settled transactions. The commission due to eCard is deducted automatically from the transfer.
Refunds of transactions to clients can be made with the help of the administrative panel, to which the client has access after logging in, as well as via web services. Refunds are always made directly to the cardholder’s card, and the value of refunds is deduced from the money transfer to the merchant for that given day.
