Settlement of Payments

  • Tokens have an expiry of between 10 seconds and 24 hours.
  • Beyond this, seller services have a 24 hour grace period to charge tokens they receive.
  • Full settlement of a token takes place after the expiry of the grace period within a 3 hour window.
  • Settlement of payments can therefore take up to 51 hours.
  • However, when seller services make charges on tokens, these charges become eligible to settle sooner if they total more than $1.00.
  • As soon as the cumulative charges on a token total more than $1.00 they settle within the 3 hour window.