Is there a delay in receiving credit card payments?

Z

z109

Guest
When I was a young man, credit card companies took their time paying a business money that was owed. Is this still true in the age of electronic payments or is settlement immediate?

Thanks,
YM.

Edit: This would probably be a payment through paypal or worldpay or realex. The T&C on those sites don't say that there is a delay, but to be sure...
 
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No if the credit card machine totals up today it is usully in the account within 2 working days
 
We use both realex and eurocommerce - funds clear on a daily basis and hit the account next working day.
 
It actually depends on who your payment provider is and they have various criteria depending on your type of business and how long you have been established, your businesses credit history, etc

It can be anything from the day after you upload your transactions up to about 3 months.

eg Worldpay will accept anyone without credit checks, so will take longer to pay you.
 
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