What is settlement?

Settlement is the transfer of collections made through Bizappay (deducting RM1.00 for each transaction fee) to the user’s or merchant’s account. Settlement will be made upon next business day (T+1) for all current Bizappay users.

Only users that have applied for direct settlement and gained approval from our acquired bank will not fall for any settlement schedule and are able to receive direct payment to their account. Please contact us at contact@bizappay.my addressing the matter as Direct Settlement Application.

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