Advance settlement

for cash deposits

Level-up your deposit solution

Shrap's provides a compliant, end-to-end settlement platform for your cash deposit service.

With Shrap, you can offer same-day settlement to any customer, regardless of who they bank with, while retaining ownership of your customer relationship, commercial model and service proposition.

How it works...

Customers make deposits to authorised devices
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Devices confirm deposit values to Shrap's API
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Shrap deducts any service fees from deposit value
Shrap pays net value to you or direct to customer
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Cash is periodically collected or recycled
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The balance is repaid to Shrap
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Plug & play

Shrap provides flexible solutions, tailored to your business case.

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Onboarding

No compliance function? No problem.

Shrap can onboard customers on your behalf. We perform the ongoing KYB, KYC and transaction monitoring required to operate a compliant cash deposit service - while you retain full control of the customer relationship.
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Cash processing

Your bank or ours?

You can choose to process cash through your existing banking partner, or arrange for cash to be delivered to one of Shrap's banking partners - benefitting from preferential rates and managed reconciliation.
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Settlement

We can pay direct to your customer.

You can also choose whether Shrap should pay advance settlement to you, or directly to your customer. Shrap sends advance settlement via Faster Payments, ensuring funds are received in near real-time.
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