Processing time for payments varies for each country. The reason for this is that all countries have different local intermediary banks that have their own settlement times. ipaymy works hard to ensure we are always working with partners and providers that ensure the securest and fastest settlement options.

One Time Payments

Payment Country

Currency

Settlement Time

Singapore

Singapore Dollar (SGD$)

2 Business Days

Australia

Australia Dollar (AUD$)

2 Business Days*

Hong Kong

Hong Kong Dollar (HKD$)

2 Business Days

Malaysia

Malaysia Ringgit (MYR)

3 Business Days

For example, based in Singapore, if you make a payment on a Monday, the earliest payout date to your recipient will be on Wednesday.

Find out how you can get your next business day payout in Australia.

Recurring Payments

Payment Country

Currency

Settlement Time

Singapore

Singapore Dollar (SGD$)

1 Business Day

Australia

Australia Dollar (AUD$)

1 Business Day

Hong Kong

Hong Kong Dollar (HKD$)

1 Business Days

Malaysia

Malaysia Ringgit (MYR)

3 Business Days

For example, based in Singapore, if you schedule a recurring rent payment to be made to your landlord on the 28th of every month from January 2022 to January 2023, your card will be charged 1 business day before the 28th of the month. If the 28th falls on a non-business day (Saturday, Sunday, or Public Holiday), your charge date and payout date will automatically adjust so your landlord receives the funds the last business day before the due date. (e.g. 28 May falls on a Saturday, your landlord will receive the funds on Friday 27 May and your card will be charged on Thursday 26 May)

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