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How and when you can expect your merchants to be are funded is integral critical to setting your clients’ expectations and ensuring they’re the correct expectations about receiving their processing income as quickly as possible.

The Payrix Platform provides the means for you to customize your Merchants’ Withdrawal Schedule based on their business needs and on their settled transaction activity.

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In order for your clients to receive payouts to their bank account, they must have an active Withdrawal Schedule created. Otherwise, any processing income will remain in their Payrix Available Balance and will not be sent to their bank account.

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Payout Processing Timeline

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Depending on your platform’s agreement with the Payrix Underwriting team, new Merchants may be subject to a 3-7 business day initial funding delay when added to Payrix. During this period, all scheduled withdrawals will remain pending for additional review, and any payout requested during this timeframe will be sent all at once, after the initial delay period has passed.

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Because we offer a variety of custom withdrawal options, these timelines may vary depending on the Merchant’s account configuration. We suggest you visit the funding section for more detailed timelines and payout configuration options.

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