FAQs on Disbursement, Settlement and Transactions

Answers to questions on disbursement, settlement and transactions

What is the Difference between Settlement and Disbursement Account?
The settlement account serves as the designated destination for all incoming funds processed through the Lendsqr app. Lenders are given the flexibility to c...
Sun, 9 Jul, 2023 at 11:54 AM
How can a lender view their settlement account?
A Lendsqr lender can view their settlement account on Lendsqr as long as they have nominated their disbursement account to be their settlement account as we...
Sun, 9 Jul, 2023 at 11:56 AM
What is the difference between disbursement and service balances?
When you become a lender on the Lendsqr platform, you will be provided with two accounts: the Service Account and the Disbursement Account. Both accounts ma...
Tue, 16 Jan, 2024 at 4:38 PM
Why are users not able to withdraw?
As a lender, your customers automatically have wallets on your Lendsqr powered web or mobile apps. Customers can transfer money to their accounts from these...
Sun, 3 Mar, 2024 at 12:13 AM
How do I fund my disbursement account?
Lenders on the Lendsqr platform have the ability to disburse funds through their dedicated disbursement account. The disbursement account is associated with...
Thu, 25 Jan, 2024 at 4:22 PM