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“Know well the condition of your flocks, and give attention to your herds.”Proverbs 27:23

What is a settlement?

Settlement

Settlement is the transfer of money a processor has collected on a church's behalf into the church's own mobile money or bank account, less the fee, usually the next working day.

The settlement account is the church's own. Software that collects giving should never hold the money; it should tell the processor where to send it.

Where this turns up

Related terms

Software that already knows what a settlement is

Fold is built around the structure and vocabulary of Ghanaian churches. Thirty days free with your own register.

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