Settlement in blockchain payment processing occurs on-chain, meaning the merchant receives the payment once the blockchain network confirms the transaction. There is no settlement delay imposed by an acquiring bank, no rolling reserve held by a payment facilitator, and no intermediary account where funds sit between the transaction and the merchant's access. The settlement timing depends on the blockchain network's confirmation speed, which varies from near-instant on some networks to several minutes on others.
27 Blockchain configures the settlement and reporting layer as part of the blockchain payment processing deployment. Transaction records, confirmation data, wallet addresses, and settlement amounts are consolidated into a reporting dashboard the merchant can use for financial reconciliation. The reporting format is structured to integrate with standard accounting workflows so the merchant's finance team can process crypto transaction data alongside traditional payment records.
