Review Time
Most people initially preferred IntaSend over other payment gateways because of its instant settlement model, which gave businesses faster access to their funds. Unlike platforms such as Paystack, which typically process payouts only twice a week, IntaSend allowed merchants to receive money almost immediately after a transaction was completed. This was a major advantage for SMEs and event-based businesses that rely on fast cash flow to operate, restock, or execute services in real time.
However, the recent introduction of a 72-hour clearing period per transaction has significantly reduced this advantage. Instead of batching transactions together for settlement, each transaction is now treated individually, meaning funds are released based on when that specific payment was received. As a result, if multiple transactions come in at different times, each one is held for its own separate 72-hour period.
This creates serious cash-flow challenges. For example, if a business receives 10 transactions at different times, each transaction will clear at a different time, making it difficult to plan withdrawals or meet operational needs. While withholding funds for potential chargebacks or risk management is understandable, a more efficient approach would be to isolate only the flagged or high-risk transactions and release the remaining cleared funds for withdrawal.
By holding all funds individually for 72 hours, IntaSend loses the speed advantage that originally made it more attractive than competitors. For many businesses, this change makes the platform less reliable and less practical, especially for high-volume or time-sensitive transactions where liquidity is critical
Most people initially preferred IntaSend over other payment gateways because of its instant settlement model, which gave businesses faster access to their funds. Unlike platforms such as Paystack, which typically process payouts only twice a week, IntaSend allowed merchants to receive money almost immediately after a transaction was completed. This was a major advantage for SMEs and event-based businesses that rely on fast cash flow to operate, restock, or execute services in real time.However, the recent introduction of a 72-hour clearing period per transaction has significantly reduced this advantage. Instead of batching transactions together for settlement, each transaction is now treated individually, meaning funds are released based on when that specific payment was received. As a result, if multiple transactions come in at different times, each one is held for its own separate 72-hour period.This creates serious cash-flow challenges. For example, if a business receives 10 transactions at different times, each transaction will clear at a different time, making it difficult to plan withdrawals or meet operational needs. While withholding funds for potential chargebacks or risk management is understandable, a more efficient approach would be to isolate only the flagged or high-risk transactions and release the remaining cleared funds for withdrawal.By holding all funds individually for 72 hours, IntaSend loses the speed advantage that originally made it more attractive than competitors. For many businesses, this change makes the platform less reliable and less practical, especially for high-volume or time-sensitive transactions where liquidity is critical
Intasend Payment Gateway is easy to setup and their interface is user friendly. I'm enjoying the how much easy it is to integrate this payment gateway on my WordPress blog.. They generated publishable and secret key quickly for and I easily used them on my blog. Thanks Intasend!
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IntaSend provides easy to configure payment APIs and automation tools. We help developer and businesses to collect payments on their website, or get paid instantly using our payment request links. Explore our Developers API and website to learn more.
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