Getting started with Affirm: Getting paid

Contents

1. Timelines
   • One originator disbursement
   • One originator delayed disbursement
   • Multiple originators disbursement
   • Multiple originators delayed disbursement
2. Business days
3. Holiday schedule
4. Positive settlement balance

Timelines

The process runs according to Coordinated Universal Time (UTC). In the timeline below, we've included Pacific Daylight Time (PDT) as an example of how the schedule converts to a different timezone.

You can view the different disbursement flows for settlement reports below:

One originator disbursement

One originator delayed disbursement

Multiple originators disbursement

Multiple originators delayed disbursement

• At the beginning of the day, at 03:05 UTC (7:05 PDT), we calculate the sum of all the previous day's charges (captures minus refunds) as the settlement total.
• If your total settlement balance is positive, then at 05:30 UTC (9:30 PDT), we mark the settlement payment for disbursement.
• At  21:30 UTC (13:30 PDT), our lending partners initiate an ACH transfer to your bank account for the settlement amount.
• On the following day, by 03:45 UTC (7:45 PDT), we generate and deliver to you the settlement report that contains all of the charge actions (capture, refund, disputed, etc.).
• Within 1 to 3 business days of initiating the ACH payment, your bank will receive the ACH transfer by 21:30 UTC (13:30 PDT) of that day.

Note that the settlement date referenced in your Merchant Dashboard is the date that the lending partner initiated the ACH transfer to your bank account. This date will not always correspond with the date that you receive funds in your bank account.

Please also note that, as part of our partnership with multiple lenders, you may now receive one or more daily deposits and see one or more Deposit IDs in your settlement reports for each day.

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Business days

Our lending partners only send payments on business days, Monday through Friday, except for the holidays noted below. All charges processed on Friday, Saturday, and Sunday are in the settlement payment disbursed on Monday. If Monday is a holiday, then charges processed on Friday, Saturday, Sunday, and Monday are in the settlement payment disbursed on Tuesday.

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Holiday schedule

The Canadian holiday schedule can also be viewed here.

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Positive settlement balance

Our lending partners send payment only if your total settlement balance is positive. If your previous day's charges totaled a net positive settlement, but your overall balance is negative due to a significant number of refunds in the past, a payment will not be sent.

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