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How long does it take for a transaction to deliver?

Transaction Delivery Timing

Funding delay has been implemented by Versapay and applies to all transactions. A funding delay means that the transaction will not complete until a set number of business days have passed. The fund sender’s account is debited when the transaction is initiated and the credit to the fund receiver is held until the duration of the funding delay has ended.

Versapay initiates a file transfer to the banks three times a day: once in the morning, once in the afternoon, and once in the evening. The file transfer times are:

  • 5:30am PST / 8:30am EST
  • 10:00am PST / 1:00pm EST
  • 4:00pm PST / 7:00pm EST

The standard funding delay on all accounts is 4 days. If you pre-fund your Versapay balance and are sending funds from the balance, your funding delay is reduced to 2 business days.

The timing for a transaction to complete its lifecycle can vary depending on the time of day the transaction was initiated. For example, if the transaction was initiated on a Monday before the first file transfer or throughout the day before the second file transfer, it is likely that it will be completed on a Friday. If a transaction is initiated on a Monday after the second file transfer, it is likely that it wouldn’t complete until the following Monday. The delay does not include weekends.

Review the estimated transaction delivery timing and status of your transactions

  1. Click on the Transactions tab to view a complete list of your transactions. To view an individual transaction, click its unique token number.
  2. The transaction history provides the following information:
    1. Initial transaction history and date
    2. Status of the transaction
    3. Steps of the transaction and their respective timelines