How and when you can expect your merchants to be funded is integral to setting your clients’ expectations and ensuring they’re 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.
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.
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 processing cycle so you know when to expect your client’s money to hit their bank account.