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Settlement Period - Weekly, 7 Days in Arrears


Many people just read the settlement as '7 working days in arrears' and forget it is actually settled weekly. Therefore please remember that you are paid once a week and not daily.


How it works


Once each week, all sales that are at least 7 business days old are paid. The cutoff point is 4:00am British Time on day of your given remittance (normally the day your account went live). Sales posted BEFORE this time will be paid the following week i.e. 7 business days later. Sales posted AFTER this time will be paid on the next remittance day following the last one.

Sales posted to the merchant account appear on your online account statement the day after the sale was processed. So a sale processed on Monday will be posted on Tuesday then remitted the following Tuesday.

As a guide we have provided examples below of when payment will be sent depending on the day you took payment. For this example you are settled (remitted) every Tuesday using a 30 day calendar month.

Example week 1

Payment taken by you:

Payment sent to designated bank:

Monday 1st

Tuesday 9th

Tuesday 2nd (before 4am)

Tuesday 9th

Tuesday 2nd (after 4am)

Tuesday 16th

Wednesday 3rd

Tuesday 16th

Thursday 4th

Tuesday 16th

Friday 5th

Tuesday 16th

Saturday 6th

Tuesday 16th

Sunday 7th

Tuesday 16th

Example week 2

Payment taken by you:

Payment sent to designated bank:

Monday 8th

Tuesday 16th

Tuesday 9th (before 4am)

Tuesday 16th

Tuesday 9th (after 4am)

Tuesday 23rd

Wednesday 10th

Tuesday 23rd

Thursday 11th

Tuesday 23rd

Friday 12th

Tuesday 23rd

Sunday 13th

Tuesday 23rd

Sunday 14th

Tuesday 23rd

Example week 3

Payment taken by you:

Payment sent to designated bank:

Monday 15th

Tuesday 23rd

Tuesday 16th (before 4am)

Tuesday 23rd

Tuesday 16th (after 4am)

Tuesday 30th

Wednesday 17th

Tuesday 30th

Thursday 18th

Tuesday 30th

Friday 19th

Tuesday 30th

Saturday 20th

Tuesday 30th

Sunday 21st

Tuesday 30th

Example week 4

Payment taken by you:

Payment sent to designated bank:

Monday 22nd

Tuesday 30th

Tuesday 23rd (before 4am)

Tuesday 30th

Tuesday 23rd (after 4am)

Tuesday 7th

Wednesday 24th

Tuesday 7th

Thursday 25th

Tuesday 7th

Friday 26th

Tuesday 7th

Saturday 27th

Tuesday 7th

Sunday 28th

Tuesday 7th

Please be aware that your own designated bank may take a few days to pay you your funds after payment has been sent. Due to the many different banks it is impossible for us to specify how long each one will take.

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