Each time a donation is made to your account that starts the process from donation to disbursement. The length of time from donation to disbursement varies based on how the donor made their donation. Here are the typical timelines to expect:
- Credit Cards (Including Apple Pay) – The timeline for credit cards is 2-3 business days depending on the type of card. (Visa, Mastercard, and Discover are typically 2 business days. American Express can sometimes take up to 3 business days. These are all estimates and are dictated by the card issuing bank, so on rare occasions there can be an extra processing day or two.)
- PayPal – The turn around from donation to deposit on PayPal is 2 business days.
- ACH – These donations take 5 business days from donation to deposit to the bank.
Credit card donations come to your account via direct deposit and are all batched together daily as they become available. You will receive a separate report for just these kinds of transactions detailing each deposit.
ACH & PayPal will be sent to your bank account via an ACH batch also as they come available. These donations will be included together on their own separate report detailing each deposit.
Reports are sent to the treasurer on file each week on Tuesday. The information contained on these reports will be the previous week’s donations (since the previous week’s report) that have completed the process and have been deposited to the bank.