Fons will automatically deposit all of your processed transactions / funds /payments to your bank account. Once your bank deposit information has been entered you are ready to get paid. Once you make you first transaction your account is converted to automatic within 48 hours. Your first transactions can take up to a week to be deposited, after that, payouts of will be made every week, if you become a Verified Provider you can choose from three payout frequencies to make managing your money easier!
Note: holidays could take extra time as they are not counted as a business day.
To see when your funds will be available navigate to Reporting->Payments->Processing tab.
You can see exactly when your money will be available from the transaction list.
Payout Schedule Frequencies Setup
Payout Schedule Frequencies Setup
You must be a Verified Provider to change your payout frequencies.
Navigate to Settings->Deposit Info, Payout Schedule, pick your frequency and SAVE
Daily: For example, payments received on a Tuesday are paid out by Thursday, and payments received on a Friday are paid out by Tuesday (if Monday is not a holiday).
Weekly: Funds are paid out on the same day each week
Monthly: Funds are paid out on the same day each month
Payouts scheduled the 29th-31st will be sent the last day of the month for shorter months.
Notes & FAQs
Notes & FAQs
Credit card take approximately 48 hours to clear
ACH payments can take as long as 5-10 business days to clear
ACH payments are United States only, and take longer to process than credit. To see your clients payment method (card or ach) just open the client detail and it will be visible in the billing section. Card = Credit Card / Bank = ACH
A negative balance occurs when the cost of refunds, disputes, or fees exceeds the available balance. Your business will not be able to send refunds to customers until the issue is resolved. To fix a negative balance, Stripe may automatically initiate an account debit from the bank account on file within two business days.
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