Cards and Payments | Part - 10 | Understanding Clearing and Settlement Systems

[@IcarianX]

This is one of the clearest tutorial on clearance and settlement that I've seen. You're a very good teacher, thanks for the video!

[@youtube-admin920]

I joined an organisation which is into card payments. unfortunately, nobody in the organisation helped me with the payments basics. your videos are helpful ❤

[@mehtasaloni]

Very clear and concise explanation with good visual diagrams to understand concepts!

[@mjpm2409]

You, my friend, are a legend. Much love.

[@Jenny-xc6pt]

This video is quite useful. It would be helpful if we can have video around different types of clearing systems used in payments transaction.

[@78naga]

Exceptional Payments videos and do add more indepth as well ....

[@JeromeGSherman]

Thank you. You cleared up some things for me. Awesome.

[@gosayezenebebeyene3280]

An other interesting Topic thank you Saurabh for giving us your time.

[@ezeefied]

Thanks Gosaye !

[@youtube-admin920]

what is tc57? is it the clearing file

[@ravikathayatvlogs]

nice informtion

[@bondahimaja6820]

CSM will come in to the picture incase of ordering party and counterparty are from different banks right If the ordering and counterparty are from same bank there will be no csm right Is my understanding correct??

[@prakashwillrocku]

❤❤❤

[@venkatndadi8499]

Excellent explanation... really awesome. would you please mentor me...

[@rmoonesawmy1]

Sir, what is the difference btw AFT and sales transaction. Means can a business do AFT and if you can give an example of a business pls. Thanks

[@mariustudorache5872]

When C makes 100 USD payment to M, until settlement what happens with the amount 100 USD? C will see his card' account debited, nevertheless according to you, until settlement the amount will not be transferred to M'bank account...... So, at the moment when C pays, 100 USD are on hold on C' account or real time debited from C' account (in this case where are kept 100 USD until settlement time)? Thanks!

[@ezeefied]

in case of a debit card transaction there is already pre authorisation by issuer so there is not much delay but with credit cards the credit or debit is seen post settlement which at times is done in batches

[@pavani1626]

Sir, do you take any online sessions?

[@ezeefied]

pls send me a reply on my email ID

[@raj-df5df]

Sir,I have a doubt...when we make payment money is debited instantly from account and credited to merchant account.whose account is debited now..acquirer or customer..if it is customer how settlement and clearing process works here

[@ezeefied]

It’s the same process as explained in the video. Merchant account is set up on acquiring side. Card members ( or customers ) account gets debited when a purchase transaction is made

[@babafakruddin6968]

it shows the money is debited from customer, but at that particular moment, money was just blocked on customer card, it wud be credited once the batch amount is settled by merchant and verified by acquirer. Hope i make sense.