Settlement allows merchants to convert their NUSD wallet balance into USD fiat currency, which is wired to the merchant’s bound bank account. This is the exit through which funds return from cryptocurrency to the traditional financial system.

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Business Flow

Settlement flow sequence

Settlement flow sequence (click to enlarge)

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Operation Steps

1

Bind a bank account

The merchant must first bind bank account information (bank name, account name, account number) in the admin console. Settlement can only be performed after the platform has reviewed and approved the account.
2

Initiate a settlement

On the Settlement page in the admin console, select the approved bank account, enter the settlement amount (NUSD), and verify your identity via a verification code.
The settlement currency is fixed as USD. The system converts NUSD into USD at the real-time exchange rate, and the amount actually credited is the result after deducting the service fee.
3

Wait for review

After the settlement application is submitted, it enters the pending review state, and the NUSD funds are frozen. A Super Admin reviews the request in the admin console (approve/reject).
4

Fiat receipt

After the review is approved, NUSDpay initiates the fiat wire transfer to the merchant’s bank account. The arrival time depends on the bank’s processing speed.

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Settlement Amount Calculation

You can view the actual exchange rate and service fee details for each transaction in the settlement records.

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Settlement Status

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Permission Notes

Once a settlement is approved, it cannot be revoked. Please carefully verify the bank account and amount before submission.

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Next Steps

Payout Solution

Learn how to initiate on-chain payments to end users.

Transfer Solution

Learn about inter-project NUSD fund transfers.