Payouts Schedule
After signing up for Shopmonkey Payments, you can expect to be on a 2-business-day payout schedule.
Payouts of your available account balance are made daily, following these guidelines:
Payments posted before 4:00 PM EST will be sent out the same day and deposited to your bank account within 2 business days
Payments posted after 4:00 PM EST will not be sent out until the next business day and will be deposited to your bank account within 2 business days from the time it was sent out
Payouts are only processed on business days and are not processed on weekends or holidays
2-Day Payout Schedule Examples
Example 1
The payment is processed on Friday at 3:00 PM EST and deposited in your bank account the following Tuesday.
Why? Because the payment was processed before 4:00 PM EST on Friday, the payment would be sent out the same day (Friday) and deposited within 2 business days (by Tuesday)
Reminder: Payouts are only processed on business days and are not processed on weekends or holidays.
Example 2
The payment is processed on Tuesday at 5:00 PM EST and deposited in your bank account the following Friday.
Why? Because the payment was processed after 4:00 PM EST on Tuesday, the payment would be sent out the next business day (Wednesday) and deposited within 2 business days (Friday)
Check out our help article Shopmonkey Payments Payouts to learn more about payouts.
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