Funding Schedules for Merchants

Understanding the structure of funding schedules proves helpful in terms of anticipating the cycle and deposit of settled payouts. This article illustrates the funding time window for merchants. As always, please refer to the most recently signed, Final Exhibit B to review an account’s funding schedule.

5 Business Days

• • Day 0 – First, the bank receives transactions submitted before the cutoff 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 cutoff 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 cutoff 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 cutoff 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 cutoff 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.