Affirm-developers

Getting paid

Learn about setting up your bank account to receive payments from Affirm.

Overview

The timeline for receiving a deposit from Affirm in your bank account after capturing a charge is similar to a credit card payment timeline. Since Cross River Bank makes our loans, they disburse payment to your bank account. Cross River Bank only sends payment on business days when there is a positive settlement balance.

Timeline

The process runs according to Coordinated Universal Time (UTC). In the timeline below, we've included Pacific Daylight Time as an example of how the schedule converts to a U.S. timezone.

1. At the beginning of a day, at time 00:00 UTC, we calculate the sum of all the previous day's charges (captures minus refunds) as the settlement total.
2. If your total settlement balance is positive, then at time 00:30 UTC, we mark the settlement payment for disbursement.
3. At time 21:30 UTC, Cross River Bank initiates an ACH transfer to your bank for the settlement amount.
4. On the following day, by 03:00 UTC, we generate and deliver to you the settlement report that contains all of the charge actions (capture, refund, disputed, etc.).
5. Within 1 to 3 business days of initiating the ACH payment, your bank will receive the ACH transfer by 21:30 UTC of that day.

Note that the settlement date referenced in your merchant dashboard is the date that Cross River Bank initiated the ACH transfer to your bank account. This date won't necessarily match the date that you receive funds in your bank account.

Click here for information on changing your merchant bank account.

Business days

Cross River Bank only sends payments on business days, Monday through Friday, except for the holidays noted below. All charges processed on Friday, Saturday, and Sunday are in the settlement payment disbursed on Monday. If Monday is a holiday, then charges processed on Friday, Saturday, Sunday, and Monday are in the settlement payment disbursed on Tuesday.

Holiday schedule

Holiday202020212022
New Year's DayJanuary 1January 1December 31, 2021*
Martin Luther King Jr. DayJanuary 20January 18January 17
Presidents' DayFebruary 17February 15February 21
Memorial DayMay 25May 31May 30
Independence DayJuly 3*July 5*July 4
Labor DaySeptember 7September 6September 5
Columbus DayOctober 12October 11October 10
Veterans DayNovember 11November 11November 11
ThanksgivingNovember 26November 25November 24
ChristmasDecember 25December 24*December 26*
  • The holiday falls on a weekend and is observed on the noted day.

Positive settlement balance

As mentioned above in the overall process, Cross River Bank sends payment only if your total settlement balance is positive. If your previous day's charges totaled a net positive settlement but your overall balance is negative, due to a significant number refunds in the past, Cross River Bank will not send payment. Review the following table.

Example

DateBusiness DayDaily Transaction TotalNew Total Owed to Merchant
Jan 3Yes$-1,000-$1,000

Disbursement: No
No disbursement due to a negative balance
Jan 4Yes$200-$800
* Disbursement: No
No disbursement due to negative balance
Jan 5No$1,500$700
Disbursement: No
No disbursement due to non-business day
Jan 6Yes$250$950
Disbursement: Yes
Disbursed net positive settlement amount ($950

Updated 5 months ago


Getting paid


Learn about setting up your bank account to receive payments from Affirm.

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