Payments typically take 2-5 business days to process before they are deposited into your property owner's bank account. The processing time depends on your payment method, as well as how it was linked to the platform. For more information on payment timing, see this article.
Please note - payments are not processed on Federal Banking holidays or weekends. Make sure to schedule your payments accordingly to avoid late fees.
| Payment Method | Payout Timing | Notes |
| Credit & Debit Cards | 2 business days | If you use a Credit or Debit card, you will incur a 2.99% convenience fee. |
|
ACH when Azibo can run a balance check and the balance exceeds the payment amount plus an additional safety buffer |
2 business days | |
|
ACH when Azibo can run a balance check but the balance check is less than the payment amount + the safety buffer |
5 business days | Because there can be a 1-3 business day delay from when an ACH is initiated and the funds are actually withdrawn from the renter’s account, Azibo checks that there is an additional buffer amount to ensure that small fluctuations in the balance won’t result in a payment failure due to insufficient funds. |
| ACH when Azibo can’t run a balance check | 5 business days | Azibo can not run a balance check when the renter links their account using micro-deposits or if the security token enabling balance checks expires. |
These payout timings are due to how the ACH network is set up in the United States. Azibo does not hold funds in transit nor do we earn float on funds. We endeavor to pay out funds as fast as we can given the constraints of the payment systems and properly managing risk.