# 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="https://content.gitbook.com/content/uIGO9I55gtHjY6deHGwV/blobs/EEAwPSdp73oH11UV9T24/Screen%20Shot%202023-03-07%20at%205.15.50%20PM.png" alt=""><figcaption></figcaption></figure>

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

<figure><img src="https://content.gitbook.com/content/uIGO9I55gtHjY6deHGwV/blobs/OdBmbLvOlYWqwXbCdfiv/Screen%20Shot%202023-03-07%20at%205.26.04%20PM.png" 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="https://content.gitbook.com/content/uIGO9I55gtHjY6deHGwV/blobs/3EZXv6EueTMnKqzV4nXt/Screen%20Shot%202023-03-07%20at%205.35.55%20PM.png" alt=""><figcaption></figcaption></figure>