Introduction:
Managing cash flow is crucial for any business, and Payrix offers a reliable and consistent way to receive funds from transactions through its standard disbursement process. Understanding how and when these disbursements occur helps you plan ahead and avoid confusion—especially around weekends and holidays.
Description:
Payrix's standard disbursement feature ensures that funds from processed transactions are paid out to merchants on a regular schedule. Designed for predictability and efficiency, this feature supports businesses by providing timely access to their revenue while minimizing disruption from banking delays due to weekends or holidays.
Key Features:
Scheduled Payouts: Disbursements are initiated at approximately 6:00 PM ET on each scheduled business day.
Business-Day Only Processing: By default, standard disbursements are limited to weekdays (Monday–Friday).
Weekend & Holiday Handling: If "skip weekends/holidays" is enabled (standard default), disbursements are not processed on Saturdays, Sundays, or bank holidays. These roll over to the next business day.
Next-Day Settlement: Funds generally appear in the your bank account the morning after the disbursement is pushed.
Technical Specifications:
How to enable or disable skipping weekends or holidays
From the Home Screen, navigate to the “Payouts” section.
Click on “Edit Schedule.”
Scroll to the bottom of the page.
Check or uncheck the option depending on your preference (e.g., to skip weekends/holidays or not).
Click “Save” to apply your changes.
Additional Information:
Edit Schedule is also where you can choose to change how often would you like to withdraw.
- Please note that a $0.50 fee is assessed for each individual payout.