This article is designed to provide information on the processing and payout schedules for both credit/debit card transactions and Direct Debits via Re-Leased Pay.
Credit/Debit Card Payout Schedule
When you start using Re-Leased Pay, your initial payment may take up to 7 calendar days to be processed by Stripe and paid out to the nominated bank account. Subsequent payouts have a standard turnaround as illustrated below:
- Australia: 2 business days
- New Zealand: 4 business days
- United Kingdom: 7 calendar days
- Ireland: 7 calendar days
- United States: 2 business days
- Canada: 7 business days
Direct Debit Processing and Payout Schedule
The Direct Debit payment process involves two stages, the first is the secure processing by Stripe, and the second is the payout according to the following schedules:
Australia (BECS Direct Debit)
- Processing Timeframe: Up to 4 business days
- Payout Schedule: Up to 2 business days
United Kingdom & Ireland (Bacs Direct Debit)
- Processing Timeframe: Up to 4 business days
- Payout Schedule: Up to 2 business days
United States (ACH)
- Processing Timeframe: Up to 4 business days
- Payout Schedule: Up to 3 business days
Canada (Pre-Authorised Debit)
- Processing Timeframe: Up to 5 business days
- Payout Schedule: Up to 7 business days
Following the initial processing period, Re-Leased Pay facilitates daily payouts, providing that there are processed funds waiting. These payouts may represent multiple payments across different invoices, enabling streamlined reconciliation and financial management.