The following payment timings presume that all required actions are completed before 4pm. If the customer's authorisation or the payment creation is completed after 4pm, there would be an additional day in the process. (Monday is used as the example start day).
Mon Week 1 (Day 0) - Customer completes the authorisation form. The customer's payment is created in GoCardless and, if it’s a new customer, their bank processes the mandate request. The customer is sent an automated payment notification email.
Autogiro payments require an 8 working day notice period.
Tues Week 2 (Day 6) - Payment is submitted to the banking system at 4pm.
Thurs Week 2 (Day 8) – Customer charge date. Payment received by GoCardless.
Fri Week 2 (Day 9) – Funds paid out to merchant by GoCardless.
Sat & Sun - nothing happens
Mon Week 3 (Day 10) – Merchant receives funds