Once funds are received into the Bluesnap merchant account, the payouts (to school's bank account) should appear in your school's bank account on the next business day. However, there’s a difference between credit card (CC) payments and automated clearing house (ACH) payments.
- If parents are paying by CC, the payments clear automatically and appear in school’s bank account the next day
- There may be a cutoff time late in the day. In case a CC payment is made specifically before the cutoff time, it would would appear the next day. If it happens after the cutoff time, it may take an additional day.
- If parents are paying by ACH, the payments have to clear the bank and then hit the Bluesnap merchant account before being deposited into school's bank account
- This process could take a few days and is bank-dependent.