Settlement days depend on a few different factors, including your merchant category, experience, and delivery time frames. As an Afterpay merchant, you’ll be assigned a settlement period of between 1-5 business days in your agreement with us, and we periodically review merchants on longer settlement periods to reduce this where possible.
When configured an email is sent to the email address you have on file for settlements, summarizing the total settlement payment amount to be paid. Please note, emails are not sent if there are no amounts due to the Merchant.
- Afterpay merchant fees are calculated and deducted from each transaction prior to each settlement payout.
- Bank processing times vary and need to be considered for clearing. Please note, weekend settlements and public holidays may have an additional delay due to bank operating hours and processing times.