# Settlement

Merchant has a (T) settlement period and start time of (T). The (T) will be configured by NeoX.

**Conditions:** merchant has at least one successful reconciliation in the settlement period.

Ex: the (T) is 3 days and start time is 10th October. All successful reconciliations are from 10th October - 13th October, they will be settled on 13th October.

**Settlement Process:**

* The reconciliations' status will be changed to "**Paid".** 
* The collection account will be plus the reconciliations' amount
*  The total collection amount will be minus from the reconciliations' amount

To check the reconciliations have **"Paid"** status, **choose Collection service**, then choose **Reconciliation report.**

<figure><img src="/files/q78FODzmhmUwVslbK0G4" alt=""><figcaption></figcaption></figure>

To check the Collection account, **choose Collection service**, then choose **Collection account.**

<figure><img src="/files/hWGC9mxvcFVqvn4fPXcq" alt=""><figcaption></figcaption></figure>

To create a withdrawal money request, click on the "**WITHDRAW MONEY**" button, then fill in all the information on the withdrawal request popup, and click on "**WITHDRAW**" button.&#x20;

<figure><img src="/files/U7si5BE3K9RGeJhqnkrO" alt=""><figcaption></figcaption></figure>


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