payouts.md

title	template	pageTitle	body_class	subtitle	withProcessing	paymentSchedule	submissionTimes	collectingBankInfo	payoutStatus	reversingAPayout	bankStatementDescriptor	payoutsPricing	tryTheDashboard	bankAcctInfo
Balanced - Payments processing, escrow, and payouts in one simple API | Payouts	payouts.html	Payouts	payouts	heading description Pay your sellers next business day with ACH direct deposit. Funds are deposited the next business day for U.S. bank accounts and same business day for Wells Fargo accounts.	title body linkText linkUrl The full marketplace solution With Balanced's card processing and ACH debits, money from your buyers is placed into an order balance on behalf of the seller until you're ready to pay out. View payments scenario https://docs.balancedpayments.com/1.1/guides/collecting-fees/	title body linkText linkUrl Payment schedule Balanced will batch payouts for submission each weekday, except for bank holidays. View bank holidays https://support.balancedpayments.com/hc/en-us/articles/200135930	days time timezone Monday to Friday 3:30 PM Pacific	title body Collecting bank account info To issue a payout, collect the bank account holder's name, routing number, account number, and account type.	title body legend Payout status The status of a payout is updated throughout its lifecycle. Follow our best practices guide to minimize payout failures. key value Pending Payout is submitted to Balanced. key value Succeeded A “succeeded” status is displayed as the expected state of the deposit one day after payout submission; however, there is no immediate confirmation regarding the success of the payout. key value Failed If a payout fails due to incorrect account information, Balanced will be notified in 1–4 business days. The status will update from “pending” to “failed” or “succeeded” to “failed” depending on when the failed notice is received.	title body legend Reversing a payout You may reverse a payout in order to retrieve funds back from the seller. key value Pending Payout reversal is submitted to Balanced. key value Succeeded A “succeeded” status is displayed as the expected state of the reversal 3–4 business days after reversal submission; however, there is no immediate confirmation regarding the success of the reversal. key value Failed If the reversal fails, Balanced will be notified in 3–7 business days. The status will update from “Pending” to “Failed” or “Succeeded” to “Failed” depending on when the failed notice is received.	title body learnLink learnLinkUrl limit Bank statement descriptor Modify the bank statement soft descriptor on a per-transaction basis. Learn more about setting the soft descriptor https://docs.balancedpayments.com/current/overview#soft-descriptors Max character length of bank statement soft descriptor: 14	title image cent list Pricing ach-credit 25 name price Paying to your bank account $0 name price Reversal $0 name price Failure $1	body button Solve your payments problem today. Get started	title subtitle list Test bank account form Balanced validates routing numbers in real time title classes placeholder attr Name on account large name Henry Cavendish disabled="disabled" type="text" title classes placeholder attr bank Routing number routing-number success 121042882 maxlength="9" type="text" Bank: WELLS FARGO BANK NA title classes placeholder attr Account number account-number 5124780660 disabled="disabled" type="text" title classes select placeholder attr Account type account-type last true Checking disabled="disabled" type="text"