Once the first tenant has paid their invoice using Re-Leased Pay, it could take up to 7 calendar days for the money to be processed securely by Stripe and paid out to your bank account.
After this first payout has been made, the standard turnaround time from a tenant paying their invoice to the money being processed and paid out to your bank account, is on a per country basis. This is known as the payout schedule.
Country | Payout Schedule |
Australia | 2 business days |
United States | 2 business days |
New Zealand | 4 business days |
United Kingdom | 7 business days |
Canada | 7 business days |
Once the payout schedule is in effect, you will receive a single payout daily if money has been processed. The payout from Re-Leased Pay could include multiple payments for different invoices.