After a customer makes a purchase through your store via WooPayments, the funds from that transaction are placed into a pending balance on your account. If deposits aren’t suspended or disabled, you can either:
- Wait for the standard pending period to elapse to receive these funds.
- Once the pending period is over, funds will be available for the next deposit.
- Scheduled deposits such as these can take a day or more to arrive in your bank account.
- There are no extra fees for these regular deposits.
NOTE: You can change the deposit schedule if you wish, between daily, weekly, and monthly.
- Utilize the Instant Deposits feature to transfer the funds immediately.
- This allows you to initiate a request for some or all of your available balance, up to a daily maximum, instead of waiting for the next scheduled deposit.
- Instant deposits have specific eligibility criteria, such as using a verified bank account to receive deposits.
- Instant deposits are subject to an additional fee.