What is Close of Day?
Close of Day (also known as Close of Business) is when all transactions from the previous day are aggregated, refunds and processing fees are deducted, and any remaining payments are sent as a single deposit or payout into your bank account.
If your Close of Day time is 5:00 AM, 12:00 PM or 5:00 PM, you'll see your payout in your bank account in one business day.
If your Close of Day time is 11:59 PM, you'll see your payout in your bank account in two business days.
Note: Funds are not transferred on weekends and bank holidays.
For example, let's say your Close of Day is 5:00 PM. You process multiple transactions from 5:01 PM on Thursday through 4:59 PM the next day, Friday. Funds from Close of Day Friday are deposited into your account on the following Monday (the next business day).
- Set your Close of Day time.