We find EBS as a reliable payment gateway where one has a good success rate and their dash board is equally good. If you are a client of EBS; the schedule of payment credit to your bank is as following as They have implemented T+2 settlement cycle.
Transaction Day - Day on which Merchant completes the Order from his Customer by Capturing it in the EBS Backend.
Settlement Day - Day on which EBS Settle the Transaction Amount to Merchant for the Transaction done on Transaction Day
Note - If any Bank Holidays or Unexpected Holidays happen to be on the Settlement Day, the Settlement is postponed to the next Working Day. For Example: If Tuesday happens to be Bank Holiday, The Settlement is postponed to Wednesday. So the transactions done on Saturday, Sunday(this week) are settled on Wednesday(next week).
You can check about latest updates on Payment gateway in India here.
Transaction Day - Day on which Merchant completes the Order from his Customer by Capturing it in the EBS Backend.
Settlement Day - Day on which EBS Settle the Transaction Amount to Merchant for the Transaction done on Transaction Day
Note - If any Bank Holidays or Unexpected Holidays happen to be on the Settlement Day, the Settlement is postponed to the next Working Day. For Example: If Tuesday happens to be Bank Holiday, The Settlement is postponed to Wednesday. So the transactions done on Saturday, Sunday(this week) are settled on Wednesday(next week).
You can check about latest updates on Payment gateway in India here.
