payment is now settled

USAGE SUMMARY

The phrase "payment is now settled" is correct and usable in written English.
You can use it to indicate that a financial transaction has been completed and no further action is required regarding that payment. Example: "I am pleased to inform you that your payment is now settled, and your account is up to date."

✓ Grammatically correct

News & Media

Science

Formal & Business

Human-verified similar examples from authoritative sources

Similar Expressions

60 human-written examples

"Mr Cameron hopes that this matter is now settled.

The Guardian

We won that argument and that question is now settled.

Independent

This does not mean the issue is now settled.

European Journal of Futures Research

Do you think the issue is now settled, or 90% settled?

Forbes

That is now settled.

Vice

NCR is now settling its affairs.

The New York Times

In America, about three-quarters of the value of all the goods traded on eBay are now settled by PayPal.The payments system was built on top of the financial markets, says Jeff Jordan, PayPal's president.

The Economist

The monthly payment is now $1,385.

The New York Times

His monthly payment is now $900.

TechCrunch

Experts say the average payment is now $5m £3.2mm).

BBC

Q: PPI payments are now worth £20bn.

The Guardian

Expert writing Tips

Best practice

When confirming a completed payment, follow up with specific details such as transaction ID or date to provide a clear record for both parties.

Common error

Avoid ambiguous statements like "payment is being settled"; instead, confirm explicitly that the payment is fully settled to prevent confusion.

Linguistic Context

The phrase "payment is now settled" functions as a declarative statement. It communicates that a financial transaction has been successfully completed. Although Ludwig AI indicates that the phrase is correct and usable, it's important to consider context and clarity when using this phrase.

Expression frequency: Missing

Frequent in

Science

0%

News & Media

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Formal & Business

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Less common in

Science

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Formal & Business

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Ludwig's WRAP-UP

The phrase "payment is now settled" is grammatically correct but infrequently used. According to Ludwig AI, the phrase is usable, and signals the completion of a payment. While it is understandable in various contexts, clearer and more professional alternatives may be preferred, such as "payment has been processed" or "settlement is confirmed". The choice of phrase depends on the context and the desired level of formality.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

payment has been processed

Replaces "is now settled" with a more direct statement about processing status.

payment has been completed

Uses "completed" instead of "settled" to indicate the payment process is finished.

payment has been finalized

Employs "finalized" to suggest the payment is fully and irrevocably processed.

the invoice is now paid

Shifts focus to the invoice status, indicating it's been fully paid.

the balance is cleared

Highlights that the outstanding balance has been resolved through payment.

account is settled

Focuses on the state of the account, confirming it's now settled financially.

funds have cleared

Specifies that the funds have been successfully transferred and processed.

remittance is complete

Uses a more formal term, "remittance", to state the payment's completion.

the transaction is closed

Indicates the payment transaction is fully processed and no longer pending.

settlement is confirmed

Emphasizes the confirmation of the payment settlement, assuring its validity.

FAQs

What does "payment is now settled" mean?

It means the payment has been successfully processed and completed. There are no further outstanding actions required.

What can I say instead of "payment is now settled"?

You can use phrases like "payment has been processed", "payment has been completed", or "the invoice is now paid" depending on the specific context.

Is it correct to say "payment is now settled"?

Yes, "payment is now settled" is grammatically correct and understandable, but alternatives such as "payment has been processed" or "payment has been completed" might be clearer.

Can "payment is now settled" be used in formal communication?

Yes, the phrase can be used in formal communication, but more professional alternatives like "settlement is confirmed" may be more appropriate.