Funding Speeds

Funding Speeds Available: 

• Standard Funding: 

  • • • Payments sent by the merchant to their customer (credits) will clear into the receiving account 2 business days after the transaction date. 

      • Payments requested or authorized (debits) will clear into the merchant's receiving account 4 business days after the transaction date.

• Same Day ACH Debits: 

  • • • Payments initiated by 4pm EST on business days will debit customers' accounts by 6pm EST. Funds will clear into the merchant's receiving account 2 business days later. Funds are held in the ACH network for 2 days in case of returns. 

• Same Day ACH Credits: 

  • • • Payments sent from the merchant's pre-funded Paynote Balance by 4pm EST on business days will clear into customers' accounts by 6pm EST.

• RTP (Real-Time Payments): 

  • • • Payments sent from the merchant's pre-funded Paynote Balance will settle to customer's account instantly (within 15 minutes) 24/7 365.

      • Receiving bank must be within the RTP network. Shareable list of banks within the RTP network: RTP Network Bank List

Benefits to Merchants 

• Plaid account balance checks + Same Day ACH Debits = Faster Debits and less returns due to insufficient funds.

• RTP allows instant payouts and is highly beneficial for gaming merchants, business owners sending pay-outs to employees/vendors, etc. 

Pricing and Procedure

1. When filling out the ACH Agreement with your merchants, simply check the box for expedited funding. 

   1. 1. • Pricing guidance can be found here.

2. Underwriting will review each account for expedited funding eligibility. Same Day ACH Debits are only available to merchants who qualify for no reserve.