Settlements

Money Lango collects for you accrues in your balance (per currency, visible in the dashboard and at GET /v1/balance). On your settlement cycle, the balance pays out to your verified bank account as a settlement.

The flow

1. Completed payments credit your balance the moment the provider confirms them.
2. On your cycle, Lango proposes a settlement batch covering your payable balance above the minimum threshold.
3. The batch passes Lango’s internal controls — including the solvency check (the client account must cover every merchant’s balance, always) and dual approval (no single person at Lango can release money).
4. The transfer lands in your bank; each settled payment’s status becomes settled; you receive a settlement.paid webhook and an advice.

The advice

Every settlement comes with an advice (PDF and CSV) that itemises:

• every payment in the batch — id, reference, date, gross, commission, net;
• every deduction by name and rate: commission, VAT within it, IMTT at the rate in force, the bank transfer fee;
• the arithmetic from gross to the amount on your bank statement, to the cent.

If your bookkeeper can’t reconcile a Lango advice against the bank statement in one sitting, that’s a bug — report it.

Notes

• Currencies never mix. USD collections settle in USD, ZWG in ZWG, as separate transfers.
• Refunds reduce your payable balance; a refund after settlement is recovered from the next batch.
• Bank account changes have a 48-hour cooling-off period before they can receive settlements — an anti-fraud control protecting you, not us.