Bank Settlement Time Explanation
Bank Settlement Time Explanation Day 1
Day 2
Payment Gateway
Tenant: Payment lodged.
Day 3
Day 4
Bank Processing: Tenant’s bank
Clearing Time: Cleared funds
Agent: Cleared funds showing
advises of any dishonoured payments.
disbursed into agent’s trust
in trust account.
$
account overnight.
Due to banking processing time, your
In the following circumstances, processing of the
funds will take a minimum of three business
funds will not occur until the next business day:
days to clear into the agent’s trust account.
Your payment is lodged after 4pm EST on a business day or over a weekend; or The bank processing and clearing time falls over a weekend or public holiday.
Payment Gateway is powered by
Copyright ©2012, IP Payments Pty Ltd. All rights reserved. IP Payments and the IP Payments logo are registered trademarks of IP Payments Pty Ltd, and IP Payments owns other registered and unregistered trademarks. Other names used herein may be trademarks of their respective owners. PG-bank_2012_11_26
Day 2
Payment Gateway
Tenant: Payment lodged.
Day 3
Day 4
Bank Processing: Tenant’s bank
Clearing Time: Cleared funds
Agent: Cleared funds showing
advises of any dishonoured payments.
disbursed into agent’s trust
in trust account.
$
account overnight.
Due to banking processing time, your
In the following circumstances, processing of the
funds will take a minimum of three business
funds will not occur until the next business day:
days to clear into the agent’s trust account.
Your payment is lodged after 4pm EST on a business day or over a weekend; or The bank processing and clearing time falls over a weekend or public holiday.
Payment Gateway is powered by
Copyright ©2012, IP Payments Pty Ltd. All rights reserved. IP Payments and the IP Payments logo are registered trademarks of IP Payments Pty Ltd, and IP Payments owns other registered and unregistered trademarks. Other names used herein may be trademarks of their respective owners. PG-bank_2012_11_26
