When Do Credit Card Funds Get Transferred?
The transfers of the proceeds of credit card transactions are handled by your payment processor. This means that they are responsible for the secure and timely transfer of your funds, allowing you to focus on your business.
Authorize.Net
If you are using Authorize.Net for your card processing, we have no visibility as to when the transfer will happen. It would depend on your contract with the payment processor.
Stripe
Some details on how Stripe handles transfers are available at Getting Paid on Stripe.com.
Generally, there is a one-week hold as an anti-fraud measure for the first charges on an account. This is typically reduced to two business days for subsequent charges. There are no charges for transferring the funds.
As a merchant, you have the power to change the transfer schedule on your Stripe account's dashboard. If you prefer to receive a single deposit after the event is complete, you can select manual transfers. This means they will hold the funds until you trigger the transfer via your Stripe dashboard, giving you full control over your funds.
Last reviewed: January 2023