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Merchant Help

 

Affirm Merchant Help

How does a Merchant Get Paid?

This article reviews the Affirm settlement process: how and when a merchant receives ACH bank transfers from Affirm.

Note: Information about updating your bank account here.

Summary

  • Payment occurs only when there is a positive balance owed to the merchant.
  • Disbursements are only initiated on business days.
  • Only transactions with the status of "captured" are paid out to the merchant.
  • Refund amounts are drawn down until that balance is positive - see bullet #1 and example below.

Key concepts

Positive Balance

Payment occurs only when there is a positive balance owed to the merchant.

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Business Days

Disbursements are only initiated on business days.

  • Business days are Monday through Friday excluding holidays 
  • No settlements occur on Saturday & Sunday 
    • Monday settlement includes Saturday & Sunday transactions
    • If Monday is a holiday, no disbursement occurs on Monday and Tuesday will include disbursements for Saturday - Tuesday 
Holiday Schedule

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Note: Settlement Date of settlement in the Affirm Dashboard = Date Affirm initiated the ACH transfer to the Merchant's account. This date will not necessarily match the date you receive funds in your bank account.