BECS AU payment timings
Timings
If you are creating a payment for a customer, it will be charged on the same day.
Once the customer has been charged, it will take a further 2 business days before the funds are paid out to you and received by your AU-based bank.
Please note: The timings are based on the payments being collected as soon as possible. If a payment is created in advance, for example with a specific charge date, then the payment would be submitted automatically on the charge date.
|
Creation Deadline |
Day 0 (up until 12:00 PM AET) |
|
Charge date (D) |
Day 0 |
|
Payout received |
D+2 for payouts to an AU based bank account |
International Payments
If you are collecting payments internationally with FX, please allow an extra 2-4 business days to receive your payout.
If you create a payment before 12:00 PM AET, it will be submitted to the bank for processing on the same business day and collected from the customer later that same day.
If the payment is created after 12:00 PM AET, it will be submitted to the bank and collected from the customer the next business day.
It is then paid out and received into your Australian bank account 3 business days later.
Please note: BECS payment authorisations are only set up when the first payment is due to be processed. The authorisation is submitted with the first payment.
FAQ’s
When will I receive the payment?
If you create the payment before 12:00 PM AET, you will receive the money after 2 business days.
If the payment is created after 12:00 PM AET, you will receive the money after 3 business days.
What happens if I miss the daily creation deadline?
The payment process will start on the next business day.
What happens if there is a national public holiday where I am based / where I am collecting the payment from?
Payments are not processed on national public holidays and will move to the next business day. Payouts that are due to be paid out on a national public holiday will move to the next business day.
How does this work if I am using hosted notifications?
If the payment is created before 9 AM on the charge date, then the customer will receive the advanced payment notice at 9 AM. Payments created after 9 AM will receive an email shortly after the payment has been created up until the 12.30 PM submission deadline.