How long until a payment reaches my bank account?

A card payment usually arrives about two business days after your tenant or customer pays, and a bank transfer about five business days: a bank payment made on a Monday usually arrives the following Monday. Bank debits take longer because they are held before they settle. These are typical times, not guarantees.

From the guide What You Take On When You Get Paid Through Seayora.

Reserves, holds and set-off

The processor can hold back a reserve against future disputes, and can raise it if your risk profile changes. Anything you owe can be recovered from your next payout, from that reserve, or by debiting the bank account you have on file. If your balance goes negative — usually after a chargeback or a return — it is due immediately. Keep a working bank account on file, and tell us at least ten days before you change it.

If your bank blocks or filters ACH debits on that account (business accounts often do), ask the bank to allow debits from our payment processor: Finix Payments, Inc., Company ID B043575881. Without that, a debit for a refund, a return or a fee is rejected, and your payouts can be held until it is sorted out.

Read the whole guide: What You Take On When You Get Paid Through Seayora

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