Funding Schedules for Merchants
In general, understanding funding schedules helps merchants in terms of anticipating their funds. With this in mind, this entry illustrates the time window for merchants.
5 Business Days
- • Day 0 – First, the bank receives transactions submitted before the cut-off time.
- • Day 1 – HOLD – In this case, the funds reached the Origination phase.
- • Days 2, 3, and 4 – HOLD
- • Day 5 – HOLD – Next, the funds reach the Settlement phase.
- • Day 6 – The merchant’s bank account receives any generated payments.
- • Day 7 – Lastly, the merchant receives their payout in their bank account.
4 Business Days
- • Day 0 – First, the bank receives transactions submitted before the cut-off time.
- • Day 1 – HOLD – In this case, the funds reached the Origination phase.
- • Days 2 and 3 – HOLD
- • Day 4 – HOLD – Next, the funds reach the Settlement phase.
- • Day 5 – The merchant’s bank account receives any generated payments.
- • Day 6 – Lastly, the merchant receives their payout in their bank account.
3 Business Days
- • Day 0 – First, the bank receives transactions submitted before the cut-off time.
- • Day 1 – HOLD – In this case, the funds reached the Origination phase.
- • Day 2 – HOLD
- • Day 3 – HOLD – Next, the funds reach the Settlement phase.
- • Day 4 – The merchant’s bank account receives any generated payments.
- • Day 5 – Lastly, the merchant receives their payout in their bank account.
2 Business Days
- • Day 0 – First, the bank receives transactions submitted before the cut-off time.
- • Day 1 – HOLD – In this case, the funds reached the Origination phase.
- • Day 2 – HOLD – Next, the funds reach the Settlement phase.
- • Day 3 – The merchant’s bank account receives any generated payments.
- • Day 4 – Lastly, the merchant receives their payout in their bank account.
1 Business Day
- • Day 0 – First, the bank receives transactions submitted before the cut-off time.
- • Day 1 – Afterwards, the funds head towards the Origination and Settlement phases.
- • Day 2 – The merchant’s bank account receives any generated payments.
- • Day 3 – Lastly, the merchant receives their payout in their bank account.
0 Business Day
- • Day 0 – First, the bank receives transactions submitted before the cut-off time.
- • Day 1 – Next, the funds head towards the Origination, Settlement, and Payout phases.
- • Day 2 – Lastly, the merchant receives their payout in their bank account.