Deposit timing for payments

Deposits are created on each US banking day, for every merchant who has funds to be deposited.

Deposit timing is expressed in a "T+X" format, where T equals the processing date of the payin and X equals the number of business days until the payin is made available to the merchant in a deposit. Deposit timing is set by merchant within the platform's allowed ranges, and by payment method type (i.e. card payins may have a different deposit timing than ACH payins).

For example: T+1 would indicate that a payin processed on Monday would be deposited to the merchant on Tuesday.

One deposit per day will be sent to each merchant if funds are available for deposit, regardless of the day they were processed on.

For example: Card payins on a T+1 deposit timing processed on Friday, Saturday, Sunday will deposit on Monday in a single deposit.

Merchant settings examples

Merchant 1

Merchant 2

Note: ACH deposit timing may vary per platform.

Daily cutoff times

Payins submitted after the cutoff time will be following the timing of the next day as T.

For example: A card payin entered at 11:30 p.m. ET on Monday with a T+1 deposit timing setting, will follow a timing of Tuesday as T and will be deposited to the merchant on Wednesday.

Weekends and banking holidays

Card

A card payin processed on a weekend or banking holiday will be available for deposit timing calculations starting on the next business day. T will be the day the payin was processed, even on a weekend or banking holiday. X will begin the next business day after T.

For example: A card processed on a Saturday with a T+1 deposit timing setting, will be deposited to the merchant on Monday. T (Saturday) + 1 (Monday)

ACH

An ACH payin processed on a weekend or banking holiday will start the "T" calculation on the next business day. T will be the day the payin was processed if it's a banking day, or the next business day if it's a weekend or banking holiday. X will begin the next business day after T.

For example: An ACH entered on a Saturday with a T+1 deposit timing setting, will be deposited to the merchant on Tuesday. T (Monday) + 1 (Tuesday)

Timing examples

T+1 Card Payin

Note: Monday deposit includes payments processed on Friday, Saturday, and Sunday.

T+4 Card Payin

T+1 ACH Payin

T+4 ACH Payin

Note: Friday deposit includes payments processed on Saturday, Sunday, and Monday.

Other payment type timing

Payment types that are not payins, such as refunds, chargebacks, and ACH returns follow a T+1 deposit timing and is not configurable by merchant. These payment types are generally reversals and therefore, the funds will be deducted from the merchant the next business day.