Payment settlement times depend on the Payment Provider and the specific payment method. Read below to learn about the specific settlement times for each payment method. If you have questions about a specific payment provider, please reach out to your Customer Success Manager.

REPAY settlement times

A detailed breakdown of REPAY settlement times can be found here. 

Cheques

REPAY cheque payments are mailed to the vendor 4-5 business days after the payment is released.

ACH

REPAY ACH payments are transmitted to the vendor 3 business days after the payment is released. Depending on the vendor's bank, the payment may take an additional 1-2 business days to settle.

Virtual Credit Cards

REPAY VCC payments are sent to the vendor 4 business days after the payment is released. VCC payments can be processed immediately upon receipt.

Nvoicepay settlement times

Cheques

Nvoicepay cheques are mailed to the vendor 1 business day after the payment is released. 

ACH

Nvoicepay ACH payments are transmitted to the vendor 1 business day after the payment is released. Depending on the vendor's bank, the payment may take an additional 1-2 business days to settle.

Virtual Credit Cards

Nvoicepay VCC payments are sent to the vendor 1 business day after the payment is released. VCC payments can be processed immediately upon receipt.

Cambridge settlement times

Cambridge's settlement times shown below are within the payment authorization limit (PAL). Payments made above your PAL will take 4 business days. Contact your Customer Success Manager if you have any questions about your PAL.

EFT

Cambridge EFT payments are transmitted to the vendor 1-2 business days after the payment is released. Depending on the vendor's bank, the payment may take an additional 1-2 business days to settle.

Wire

Cambridge Wire payments for major countries and currencies are transmitted 1-2 days after the payment is released. Depending on the vendor's bank, country, or currency, the payment may take an additional 1-2 business days to settle.

Versapay settlement times

Email EFT

Versapay Email EFT payments are transmitted to the vendor 3-5 business days after the payment is released. Depending on the vendor's bank, the payment may take an additional 1-2 business days to settle.

Direct Deposit EFT

Verspay Direct Deposit EFT payments are transmitted to the vendor 3-4 business days after the payment is released. Depending on the vendor's bank, the payment may take an additional 1-2 business days to settle.

SmartPayables settlement times

SmartPayables cheques are mailed to the vendor within 1 business day of the payment release. Payments released before 10:00 AM EST will be mailed on the same day.