Credit/debit Card payout schedule
When first using Re-Leased Pay, it could take up to 7 calendar days after a payment for the funds to be processed securely by Stripe and paid out into the nominated bank account. After the first payout, the standard turnaround time for subsequent payouts from date of payment is as follows.
|Australia||2 business days|
|New Zealand||4 business days|
|United Kingdom||7 calendar days|
|Ireland||7 calendar days|
|United States||2 business days|
|Canada||7 business days|
Direct Debit processing and payout schedule
If a tenant pays with Direct Debit, the payment has two separate processing timeframes. The first is to be processed securely by Stripe. Once the payment has been processed it will follow the payout schedule to be paid out to the nominated bank account.
|Country||Direct Debit Type||Processing Timeframe||Payout Schedule|
|Australia||BECS Direct Debit||Up to 4 business days||Up to 2 business days|
|United Kingdom & Ireland||Bacs Direct Debit||Up to 4 business days||Up to 2 business days|
|United States||ACH||Up to 4 business days||Up to 3 business days|
|Canada||Pre-Authorised Debit||Up to 5 business days||Up to 7 business days|
Once the payout schedule is in effect, you will receive payouts daily if money has been processed. The payout from Re-Leased Pay may include multiple payments for different invoices.