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How do I get the next day's payout in Australia?
How do I get the next day's payout in Australia?

Faster payout date for payments made and collected on ipaymy

Vanessa Teo avatar
Written by Vanessa Teo
Updated over a week ago

Pay

Your landlord, supplier, or employees can now receive the funds on the next business day if you make any payments before 5.30pm, Australian Eastern Standard Time (AEST). Payments after 5.30pm, will be processed accordingly to the usual 2 business days.

For example, if you make a payment on a Monday before 5.30pm (AEST), your recipient will receive the funds on Tuesday. If payments are made after 5.30pm, your recipient will receive the funds on Wednesday.

Fetch

For invoice collections, the funds will be paid out to your bank account the next business day if the customer pays you before 5.30pm (AEST). The funds will be paid out to your bank account 2 business days later if the customer pays you after 5.30pm (AEST).

For example, if your customer makes a payment on a Monday before 5.30pm (AEST), you will receive the funds on Tuesday. If payments are made after 5.30pm, you will receive the funds on Wednesday.

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