Payments

    Settlement

    The process of transferring funds from a payment processor to your bank.

    Definition

    Settlement typically takes 1–3 business days. Settled funds appear on your bank statement and your processor dashboard. Holidays and weekends delay settlement.

    Related terms

    Stripe

    A payment processor that lets businesses accept cards, ACH, and wallets online.

    Deposit account

    The business bank account where payment processors deposit your funds.

    Card payment

    A payment made by credit or debit card, processed online or in person.