> ## Documentation Index
> Fetch the complete documentation index at: https://docs.stableyard.fi/llms.txt
> Use this file to discover all available pages before exploring further.

# Acquirer and PSP settlement

> Convert acquirer or PSP local-currency balances into stablecoin under a commercial agreement.

An acquirer, PSP or platform holding merchant settlement balances in local currency can settle them in stablecoin instead of moving the money through additional banking relationships. Stableyard converts those balances and delivers them to an approved destination.

<Note>
  This is arranged commercially, not enabled self-serve. There is no public endpoint that creates an acquirer settlement, and the flow, currencies and destinations are agreed before anything is switched on. Talk to Stableyard before building against it.
</Note>

```mermaid theme={null}
flowchart LR
  A["Acquirer or PSP balance"] --> B["Receiving account"]
  B --> C["Reconcile"]
  C --> D["Convert"]
  D --> E["Settle to the approved destination"]
```

## Where the funds originate decides the review path

| | Funds originate from | Example |
| - | - | - |
| **First-party** | Processing merchant accounts owned by the client | A retail group settling from its own merchant accounts, in its own name |
| **Third-party** | Intermediary settlement accounts, before stablecoin is minted | A PSP converting from a settlement account holding sub-merchant balances |

The classification is made **strictly on the processing flow**, not on intent, contract wording or how the relationship is described. Three questions decide it: who owns the account the funds sit in, whether an intermediary settlement account is involved, and at what point in the flow stablecoin is minted.

Neither classification is an approval or a refusal on its own. It decides which review applies and whether a flow is eligible at all, so answer it first.

## Your agreement sets the terms

Settlement runs on a prefunded basis. The funding arrangement, the eligible currencies and the approved destinations are named in your agreement, and the relationship begins with business verification.

Supported settlement currencies are broad; the set enabled for you is defined commercially rather than published. See [Supported regions and currencies](/supported-regions-and-currencies).

<Card title="Next: Settlement fees" icon="percent" href="/settlement/assessing-fees">
  What is deducted before the destination is credited.
</Card>


This documentation is built and hosted on [Mintlify](https://mintlify.com), a developer documentation platform.