The time it takes for a payment to be deposited into your bank account depends on the payment method and your region. Here are the typical settlement times for various regions and payment methods:
Card Payments:
US: 2 business days
Canada (CA): 3 business days
United Kingdom (UK): 3 business days
Australia (AU): 2 business days
New Zealand (NZ): 4 business days
Example:
If a US-based company collects a card payment on a Tuesday, the funds will be in their account by Thursday, 2 business days later.
Debit Payments:
US (ACH): 4 business days
Canada (PAD): 5 business days
Australia (AU): 4 business days
Example:
If an Australian firm collects a direct debit payment (ACH) on a Tuesday, the funds will reach their bank account by the following Monday, which is 4 business days later. If Monday is a public holiday, the funds will arrive on the next business day (Tuesday).
Please keep in mind that bank clearing times can sometimes lead to an additional delay of 1-2 business days, depending on your bank's processing schedule.