# T+1 settlement

https://www.uniwebpay.com/glossary/t-plus-1/

*Last updated: 2026-08-03*

Funds for a day’s takings are settled in the batch on the following day, rather than weekly or monthly. "T" is the transaction day. Longer cycles are common and are a working-capital cost rather than a fee.

> **For Uniweb Pay specifically** — Uniweb Pay settles in SGD in T+1 batches, with in-store, online and in-app takings in the same batch.

## Why it matters to a merchant

The shorthand is about the batch, not about a promise for every transaction. What a merchant should confirm is the cut-off — a sale after the cut-off belongs to the next day's batch, so a late Friday evening in a restaurant and a Monday morning in an office can behave very differently on the same nominal terms. Weekends and public holidays are where the difference shows up.

## Related terms

*How a payment moves*

- [Authorisation](https://www.uniwebpay.com/glossary/authorisation/)
- [Capture](https://www.uniwebpay.com/glossary/capture/)
- [Settlement](https://www.uniwebpay.com/glossary/settlement/)
- [Batch](https://www.uniwebpay.com/glossary/batch/)
- [Reconciliation](https://www.uniwebpay.com/glossary/reconciliation/)
- [Chargeback](https://www.uniwebpay.com/glossary/chargeback/)
- [Refund vs void](https://www.uniwebpay.com/glossary/refund-void/)
- [Pre-authorisation (hold)](https://www.uniwebpay.com/glossary/pre-authorisation/)
- [Issuer decline](https://www.uniwebpay.com/glossary/issuer-decline/)
- [Merchant descriptor](https://www.uniwebpay.com/glossary/merchant-descriptor/)
- [3-D Secure](https://www.uniwebpay.com/glossary/three-d-secure/)
- [Tokenisation](https://www.uniwebpay.com/glossary/tokenisation/)
- [Card on file](https://www.uniwebpay.com/glossary/card-on-file/)
- [Payment link](https://www.uniwebpay.com/glossary/payment-link/)
- [ARN (acquirer reference number)](https://www.uniwebpay.com/glossary/arn/)
- [Representment](https://www.uniwebpay.com/glossary/representment/)
- [Chargeback ratio](https://www.uniwebpay.com/glossary/chargeback-ratio/)

- [All 74 terms](https://www.uniwebpay.com/glossary/)

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