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Payout availability depends on several factors such as the industry and country you’re operating in, and the risks involved. Generally, our payouts operate on a 2-business day funding schedule, although it may be longer in some countries. See the individual country descriptions below.

 

Adding Your Bank Account Information

Activating your account requires your bank account information. The type of bank account information required depends on where your bank account is located. Use the following information to determine what bank details are needed for each country.

 

United States

BANK INFORMATION	EXAMPLE DATA
Routing Number	111000000 (9 characters)
Account Number	Format varies by bank

 

Canada

BANK INFORMATION	EXAMPLE DATA
Transit number	12345
Institution number	678
Account number	Format varies by bank

 

Australia and All Other Countries

BANK INFORMATION	EXAMPLE DATA
BSB	123456 (6 characters)
Account Number	12345678 (5–9 characters)

You can add or update your account details at any time by going to the Admin Button with your username in the upper right > Settings > Integrations > Rain POS Payments > External Accounts: Add Account.

Note: In general, bank accounts must be located in the country where their settlement currency is based (e.g., USD bank accounts must be based in the United States).

 

Payout Schedule

The payout schedule depends on your country and whether your business operates in a higher-risk industry. Generally, if you are in the U.S. or Canada, you should expect to receive your funds within 2 business days with the batch closing at midnight in your time-zone. One-business day funding may be available upon request but the batch time will change to accommodate the earlier payout.

 

Two-Business Day

• Batch Close Time: Midnight your time zone

 

One-Business Day*

• Batch Close Time: 9:00 PM Eastern

*Only available upon request

Note: The amount deposited into your account will not be identical to the amount collected -- processing fees are deducted before the deposit is made.

 

United States & Canada

2 Business Day

This transferring of funds generally takes about 2 business days, so if a transaction happens on Monday, you can expect to see that money in your account on Wednesday. No activity happens over the weekend, so Thursday transactions will be deposited into your account on Monday, and your Friday transactions will be deposited the following Tuesday. Your Saturday, Sunday, and Monday transactions will all be deposited Wednesday as a single deposit.

 

Australia and All Other Countries

2 Business Days

This transferring of funds generally takes about 2 business days, so if a transaction happens on Monday, you can expect to see that money in your account on Wednesday. No activity happens over the weekend, so Thursday transactions will be deposited into your account on Monday, Friday transactions on Tuesday, and Saturday, Sunday and Monday transactions will all be deposited on Wednesday as one deposit.

 

High-Risk Businesses - 14 Calendar Days

This transferring of funds generally takes about 14 calendar days, so if a transaction happens on Monday, you can expect to see that money in your account 14 days later.