Understand when your BLAZEPAY payouts will land in your bank account.
Settlement Delay
BLAZEPAY offers T+1 and T+2 settlement cycles for payouts.
- T+1: Settlements take place 1 business day after the transaction date
- i.e. The payout for sales from Monday (T) will be sent to your bank on Tuesday (+1)
- T+2: Settlements take place 2 business days after the transaction date
- i.e. The payout for sales from Monday (T) will be sent to your bank on Wednesday (+2)
Payout Timelines
Weekdays on T+1
As the payout is directly related to the settlement delay, it is important to understand how this timing affects your bank deposit.
If the settlement delay is T+1, the scheduling of your payouts will look something like this:
Sales from Monday are sent to your bank on Tuesday.
Sales from Tuesday are sent to your bank on Wednesday, etc.
Weekends on T+1
Payouts for sales from Friday to Sunday are not paid the next day due to how banks operate on weekends.
In this case, sales from Friday, Saturday and Sunday are pooled together in a single payout that is sent to your bank on the Monday.
Weekdays on T+2
If the settlement delay is T+2, payouts will look something like this:
Sales from Monday are sent to your bank on Wednesday.
Sales from Tuesday are sent to your bank on Thursday, etc.
Weekends on T+2
Due to the additional settlement day, the payout for sales from Thursday are sent to your bank on the following Monday.
Therefore, sales from Friday, Saturday and Sunday are sent to the bank on the following Tuesday.
Understanding Payouts in the Merchant Portal
The BLAZEPAY merchant portal allow you to view each payout and its estimated arrival date.
On the BLAZEPAY merchant portal, go to Finance > Payouts:
Your payouts will be listed here, showing the date that the payout was sent to your bank, the payout amount and the estimated arrival date, among other details.
Transfer Date: the date that the payout was sent to your bank
Merchant Account: the overall account for your organization
Store Name: the store location name
Volume: the total $ amount processed on the day of the payout
Payout: the $ amount paid out to your bank, less the transaction fees
Bank Account: your bank account number, shows only the last 4-digits
Account Type: whether checking or savings, etc.
Batch ID: the unique alpha-numeric identifier specific to each payout
Est. Arrival Date: the date and time that you can expect the payout to be deposited to your bank account
The Est. Arrival Date is indeed an estimate. The speed at which the payout is deposited to your bank account is entirely dependent on your bank and its processing time.
Any delays or issues related to the deposit itself will need to be addressed by your bank.