Important Terms:
Batch: A batch is a grouping of transactions to be sent for funding.
Batch Time: Batch Time is the daily cutoff for the batch. Transactions before this time are included in that day's batch, while those after are included in the following day's batch.
Funding Time: Funding Time refers to the total duration between processing a transaction and receiving the funds for that transaction.
Deposit: Deposit means receiving funds for a batch of transactions in your bank account.
Credit Card Batch Time:
- Credit Card batch cutoff time is 8:00pm ET
- Payments processed after the batch cutoff time will be included in the following day's batch
Standard Business Day Credit Card Transaction Funding Time:
- Credit Cards follow a 3-day funding time
- Payments processed on Monday will deposit on Thursday
Payment processed on a Monday before batch cutoff
Payment processed on a Monday after batch cutoff
Weekend and Holiday Funding Time:
- Payments processed on Friday and Saturday will deposit on Tuesday
- Payments processed on Sunday will deposit on Wednesday
- Credit card payments do not deposit on weekends
- Federal holidays delay deposits by 1 business day
Deposits received will appear on your bank statement as "STRIPE CANADA"