How long does it take to settle on the WeChat Pay merchant platform?

WeChat has become an indispensable part of our lives. Whether eating or shopping, you can complete the payment by opening WeChat and scanning. Many merchant users have also opened WeChat payment merchant platforms. So how long does it take for WeChat payment merchant platforms to settle? When is the settlement time for WeChat payment merchants? Let me explain it to you. Please read on.

How long does it take to settle on the WeChat Pay merchant platform?

The starting point for settlement on the WeChat Pay merchant platform is 500 yuan, and no settlement will be made for amounts less than 500 yuan. The settlement will be automatically completed when the funds are sufficient. Currently, the settlement starting point cannot be modified, and automatic settlement cannot be changed to manual settlement.

Does the WeChat Pay merchant platform have a statement?

The specific method of checking the bill is as follows:

1. First, we log in to the WeChat merchant platform homepage, and then enter the WeChat account password to enter.

2. After logging in, enter the account center.

3. After entering the account center, find Funds Management-Fund Flow in the navigation bar on the left and click to enter.

4. After entering the cash flow, you can view the cash flow for a period of time on the homepage.

5. In the fund statement list, we can get detailed information of each fund flow.

6. If you have extra or surplus funds, you can simply click on the withdrawal button and enter the information to withdraw the funds.

How long does it take to settle on the WeChat Pay merchant platform?

How long does it take for a WeChat merchant refund to be credited?
The arrival time of a refund to a WeChat merchant depends on the payment method used by the merchant. There are two forms of payment for WeChat merchants, one is payment by change and the other is payment by bank card. The following are the refund arrival times for these two payment methods.

Change payment: After the merchant initiates a refund, the refund will be returned in real time;
Bank card payment: The refund will be made within 1-3 working days after the merchant initiates the refund.

Note: Working days refer to normal working hours from Monday to Friday, excluding Saturdays, Sundays and national holidays.

How to verify refund status:

Submit a refund on the merchant page -> Merchant operates the refund -> Refund completed -> Find the transaction record details of the original payment under [···] to see the refund status. The refund will not generate a new transaction record.

Kind tips:

1. Some banks do not have SMS reminder function for refunds, please check your bank statements carefully;

2. After the merchant initiates a refund, the funds will be returned to the account used for payment. Please pay attention to the notification of the WeChat Pay official account;

3. If the refund has not been received after the refund period, please click [Contact Customer Service] below to submit the information and we will further verify and handle it.

The use of WeChat Wallet has facilitated our lives and has also made it easier for many merchants to handle their receipts and payments. The above is all the content shared by the editor on how long it takes to settle payments on the WeChat payment merchant platform and how long it takes for a refund to be received by a WeChat merchant.