As a Clearhaus customer, you can choose to have your online merchant account settled on either a daily, weekly, or monthly basis.
A funding cycle denotes how often you will get your Clearhaus-account settled. That is, how often we pay out your earnings to your own bank account.
When you first sign up as a customer, you will automatically get your accounts settled on a weekly basis. The settlement period is Monday to Monday. Each Tuesday we collect the money from the previous week and pay them to you. You will typically have the money in your account on the following Thursday.
While the weekly funding cycle works fine for most of our customers, it might not do so for you. If your business is sensitive to cash flow you might want your account settled on a daily basis. That way, you will continuously have your earnings available in your own account.
Or perhaps you run a subscription-based business and only receive payments once a month. If this is the case, a monthly funding cycle is a better fit for your business. This will make bookkeeping easier.
If you wish to change your funding cycle from weekly to either daily or monthly give us a call at +45 8282 2200 or write us at email@example.com. We will do a risk evaluation on your business and decide if you qualify to change your funding cycle.
If you are a new customer, you can state your request for a different funding cycle in your application.