Settlement payments are triggered from the time the order is approved by Afterpay and are processed as per the following:
Settlement payments will be made based on the settlement processing time agreed (typically within 2 business days).
- An email is sent to the merchant account email address (if configured) summarizing the total settlement payment amount to be paid. Emails are not sent if there are no amounts due to the Merchant.
- Afterpay merchant fees are calculated and deducted from the amount to be paid to the Merchant at settlement.
- Settlement disbursement to Merchants are made via ACH payment to US bank accounts only. ACH processing times need to be taken into account by the Merchant for clearing.