Processing and receiving funds from Re-Leased Pay

  • Updated

Credit/debit Card payout schedule

When first using Re-Leased Pay, it could take up to 7 calendar days after a payment for the funds to be processed securely by Stripe and paid out into the nominated bank account. After the first payout, the standard turnaround time for subsequent payouts from date of payment is as follows. 

 

CountryPayout Schedule
Australia2 business days
New Zealand4 business days
United Kingdom7 calendar days
Ireland7 calendar days
United States2 business days
Canada7 business days

 

Direct Debit processing and payout schedule

If a tenant pays with Direct Debit, the payment has two separate processing timeframes. The first is to be processed securely by Stripe. Once the payment has been processed it will follow the payout schedule to be paid out to the nominated bank account.

 

CountryDirect Debit TypeProcessing TimeframePayout Schedule
AustraliaBECS Direct DebitUp to 4 business daysUp to 2 business days
New ZealandBECS Direct DebitUp to 4 business daysUp to 2 business days
United KingdomBacs Direct DebitUp to 3 business daysUp to 3 business days
United StatesACHUp to 4 business daysUp to 3 business days
CanadaPre-Authorised DebitUp to 5 business daysUp to 7 business days
 
 
Once the payout schedule is in effect, you will receive payouts daily if money has been processed. The payout from Re-Leased Pay may include multiple payments for different invoices.
 

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