Learn about Alipay's settlement rules and reconcile using financial reports provided by Alipay.
Terms and definitions
The following table introduces commonly used terms in settlement and reconciliation.
Refers to the process of calculating the net settlement amount for all transactions within a settlement batch and transferring the corresponding settlement funds on the predefined settlement date.
Refers to the time interval from the first transaction day to the day that Alipay should settle with you. The settlement period varies depending on the following dimensions:
A settlement batch is formed when the unsettled funds in a settlement period meet the settlement prerequisites.
Currency conversion mode
Determines the exchange rate that is used for settlement and has two types: locked-in and non-locked-in.
When the transaction currency differs from the settlement currency, the settlement amount is determined by the exchange rate on the transaction date.
When the transaction currency differs from the settlement currency, the settlement amount is determined by the exchange rate on the next day of the transaction date.
Figure 1. Terms and definitions
Learn about settlement
Alipay settles with you based on the settlement rules. It is recommended that you familiarize yourself with the settlement prerequisites, settlement periods, settlement exchange rates, and other settlement-related rules before reconciling. The settlement lifecycle from transaction occurrence to settlement completion varies based on different settlement period dimensions (daily, monthly, or weekly) and currency conversion modes. For more information about the settlement, see the following:
You can perform reconciliation in the following two ways:
- Reconcile using reports.
- Reconcile using Alipay Global Merchant Portal.
For more information about how to reconcile using these two methods, see Perform reconciliation.
Alipay provides the following three financial reports to help you reconcile: