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How long does it take for a Merchant to receive the funds after a payment is processed?

To understand the timeline from when a payment takes place until a Merchant will receive the funds in their bank account, it’s first important to understand both the transaction processing cycle and the withdrawal/funding fun ding processing cycle so you know when to expect your client’s money to hit their bank account.

Generally, the money from a card payment will be available in the Merchant’s Available Balance (i.e. in their Payrix account) on the day after it is Approved. If they are utilizing a 100% daily Withdrawal Schedule, it will be in their bank account later that same evening or on the next business day after it hits their Available Balance (i.e. between 1.5 - 2 business days from when the payment is Approved the funds are in the Merchant’s bank account).

The eCheck funding timeline varies depending on the payer’s bank, but generally, a Merchant can expect the funds associated with an eCheck to be in their Payrix account 3-5 business days after it is submitted and Approved. If they are utilizing a 100% daily Withdrawal Schedule, it will be in their bank account later that same evening or on the next business day after it hits their Available Balance (i.e. 4.5 - 7 business days from when an eCheck is Approved until the funds hit the Merchant’s bank account).