Understanding the "Standard 2-Day" Settlement Cycle

When you process a transaction, the funds go through a specific lifecycle before appearing in your business bank account. For most Payrix accounts, the standard settlement cycle is T+2 (Transaction date plus two business days).

The Funding Timeline

• Day 0 (The Transaction): You swipe a card or process a virtual payment. The transaction is "Authorized" but not yet "Captured."

• Day 0 (The Batch Out): At the end of the business day (typically 9:00 PM EST), your terminal "batches out." This closes the day's books.

• Day 1 (Processing): Worldpay coordinates with the issuing bank to move the funds into the Payrix settlement account.

• Day 2 (Deposit): The funds are initiated via ACH to your bank. Depending on your bank's posting speed, you will see the credit by the afternoon.

Why is my deposit late?

1. Bank Holidays: If Day 1 or Day 2 falls on a federal holiday, the cycle shifts forward by 24 hours.

2. Weekend Batches: Transactions processed on Friday, Saturday, and Sunday are typically batched together and deposited on Tuesday.

3. The "Verification Hold": For new merchants, your first 3–5 deposits may be held for an additional 24 hours while our Risk Team verifies the initial transaction patterns.

How to Check Status Log in to the Payrix Portal and go to Reports > Deposits. If a deposit is listed as "Sent," it has left our system and is currently being processed by your local bank.