The timeline for you to receive payment will ultimately depend on which payment methods you’ve enabled for the Invoice, and which method the client chooses to pay with.
If you’ve enabled the card payment option, Found partners with Stripe so that your customers can pay their invoices with a debit or credit card.
The first payout from a new Stripe account is typically paid out 7 days after the first successful payment is received (it can be up to 14 days). This means that the funds for the first invoice your customers pay with a card will not be transferred to your Found account until 7 days later. You can find more information here.
After the initial first payment delay, by default, Stripe will transfer funds into your Found account every day. You will typically receive payment into your Found account two business days after your customers have paid you. You can see more information about payout schedules here.
Click here to learn more about card payments on Invoices.
If your client pays via an external ACH bank transfer or Domestic Wire transfer, you'd typically receive the funds in your Found account 1-2 business days after they’ve sent the transfer.
If the client is also a Found user and they pay the Invoice from their Found account, the funds would transfer to your account instantly.
If you’ve enabled the CashApp, PayPal, Venmo or Zelle options, the client is given instructions to send funds through whichever payment app they choose.
These payments would be sent directly through the payment app, and you'd then need to transfer the funds to Found if you ultimately want the funds to reach your Found account.
*Found is a financial technology company, not a bank. Banking services are provided by Piermont Bank, Member FDIC. The funds in your account are FDIC-insured up to $250,000 per depositor for each account ownership category.
The Found Mastercard debit card is issued by Piermont Bank pursuant to a license from Mastercard Inc.
The information on this website is not intended to provide, and should not be relied on, for tax advice.
Direct deposit funds may be available for use for up to two days before the scheduled payment date. Early availability is not guaranteed.