Settlement System

The funds flow follows the same path as the card schemes (Visa and MasterCard).

  • You will benefit from revenue generated by the currency conversion of foreign card transactions is shared.
  • Daily settlement is provided in local currency. The merchant or bank is never exposed to foreign currency risk
  • Comprehensive reporting is provided for all daily transactions summarised by currency and card type.
  • Reporting is local currency based. Your current reconciliation procedures are unaffected.
  • Reporting can be conveniently accessed via our web based reporting system.
  • Monex provides full transparency and audit trails on all your transactions.