When will my vendor receive their payment?

When you use our Bill Pay feature, your vendor may receive funds from us in one of three ways. We will cover cut-off and transit times for each. 

All cut-off times referenced are assumed to be on weekday and not a Federal Reserve Holiday. 

Physical Check

• Checks confirmed before 9 pm Eastern (6 pm Pacific) are printed and mailed the next business day*

• Checks are mailed first class and transit times are dependent on the USPS. Generally we see checks arriving in 3-5 business days. 

• The day the vendor actually deposits the check is the day the funds will be debited from your account (not the date of printing).
• The status you will see on your Bill Pay > Payments page will show "Sent: Check". This confirms we mailed the check, but it does not confirm if the vendor actually deposited it.

Note that for approved physical check payments, we do have a feature that allows you to download an eCheck for immediate mobile deposit.

MEEP - MarginEdge Electronic Payments (Virtual Credit Card or ACH)

• VCC Payments or ACH Payments that are confirmed before 4 pm Eastern (1 pm Pacific) are processed same day. Anything approved after 4 pm will be processed the next business day*.
• Your vendor will receive payment three business days after the MarginEdge Send Date. For example, any MEEP approved before 4 pm on Monday will be received by the vendor on Thursday. ACH funds are deposited automatically, though it may be approximately 1-2 additional business days before the deposit is reflected in the vendor’s bank account. VCC funds must be deposited by the vendor, so there could possibly be a delay if they don't accept it immediately. 
• The day the payment is processed is the day the funds will debit from your account. 
• The status you will see on your Bill Pay > Payments page will show: 
  • "Paid: ACH" once the vendor receives the funds via ACH
  • "Payment Accepted" once the vendor has actually deposited the funds from a VCC

*For payment purposes, "business days" are days that are not a weekend or a Federal Reserve holiday. Federal Reserve holidays differ slightly from Federal government holidays, so please take note.