Cash flow is essential for running a business. We understand what it means to you and offers 2 funding cycle ptions to cater to your business needs: Same-day funding and Next-day Funding. On this page, you will learn about the expected funding timings based on the funding cycle you signed up for.
What is the difference between Same-day and Next-day funding schedules?
Timing is the biggest difference. Next-day Funding cycle allows us a longer lead time to transfer your funding, while you will get the funding within hours after settlement with Same-day funding cycle. See below for a detailed explanation of the difference.
Same-day funding: If you settle before the official cut-off time of day*, the funding will be transferred to your bank account by the close of business. Otherwise, the funding will be available on the next day. Same-day funding is processed 7 days a week unless otherwise notified to you in advance.
Next-day funding: If you settle before the official cut-off time of business day*, the funding will be transferred to your bank account on the next business day. Otherwise, the funding will be available after 2 business days. If the funding day falls on a weekend, the funding will be available on the next business day.
*Official cut-off time: In-person payment (8:15PM AEST each day), Online payment (6:00PM AEST each day)
Please note: If the funding day falls on a New South Wales public holiday or a bank holiday, the funding will be available the on next business day for Same-day Funding and Next-day Funding models.
How can I know which day the funding will be transferred to my account?
The tables below show the expected funding day corresponding to your business settlement time.
Online payment expected funding schedule
| Business Settlement Time | Same-day Funding | Next-day Funding |
|
Expected Funding Time |
||
| Between 6:01pm Sunday AEST to 6:00pm Monday AEST | Monday | Tuesday |
| Between 6:01pm Monday AEST to 6:00pm Tuesday AEST | Tuesday | Wednesday |
| Between 6:01pm Tuesday AEST to 6:00pm Wednesday AEST | Wednesday | Thursday |
| Between 6:01pm Wednesday AEST to 6:00pm Thursday AEST | Thursday | Friday |
| Between 6:01pm Thursday AEST to 6:00pm Friday AEST | Friday | Monday |
| Between 6:01pm Friday AEST to 6:00pm Saturday AEST | Saturday | Monday |
| Between 6:01pm Saturday AEST to 6:00pm Sunday AEST | Sunday | Monday |
In-person payment expected funding schedule
| Business Settlement Time | Same-day Funding | Next-day Funding |
| Expected Funding Time | ||
| Between 8:16pm Sunday AEST to 8:15pm Monday AEST | Monday | Tuesday |
| Between 8:16pm Monday AEST to 8:15pm Tuesday AEST | Tuesday | Wednesday |
| Between 8:16pm Tuesday AEST to 8:15pm Wednesday AEST | Wednesday | Thursday |
| Between 8:16pm Wednesday AEST to 8:15pm Thursday AEST | Thursday | Friday |
| Between8:16pm Thursday AEST to 8:15pm Friday AEST | Friday | Monday |
| Between 8:16pm Friday AEST to 8:15pm Saturday AEST | Saturday | Monday |
| Between 8:16pm Saturday AEST to 8:15pm Sunday AEST | Sunday | Monday |
How can I find out which funding cycle I signed up for?
Via Merchant Portal
You can find that information on your Merchant Portal. The Live Merchant tab under the Merchant section will provide information regarding your funding cycle option with us.
Which cut-off time should I follow if I have both in-person and online payments?
There will be 2 cut-off times if you possess both payment types with us. The official cut-off time for in-person payment is 8:15 PM AEST and 6:00 PM AEST for online payment each day.
What can I do if I want to switch funding cycle plans?
Please contact the Customer Support team if you wish to switch the funding cycle plan from Next-day to Same-day funding or vice versa. Additional costs might be incurred.