Estimated setup and payment timing for Supplier Payments powered by CSI
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Learn about the estimated time frames for setting up and using Supplier Payments powered by CSI. Find out how long it takes to subscribe and set up the service, enable accounts and suppliers, and for a supplier to receive payment.
Vendor Payments is only available to pay US suppliers in USD currency.
Setup
| Task | Estimated duration | Notes |
|---|---|---|
| Subscribe to service and complete the CSI application | 5-10 days |
It takes CSI about 5-10 business days to review and approve your application after you submit it, assuming there are not any errors. |
| Set up bank accounts | 5-10 days |
It takes CSI about 5-10 business days to perform a penny test and enable the bank account, assuming there are not any errors. |
| Set up suppliers | Instant |
When you choose to automatically share supplier information or enable a specific supplier for the service, they're instantly subscribed to the service. It's up to the supplier to register their preferred payment method with CSI. How suppliers register their preferred payment method
After suppliers are enabled for the service, they receive a welcome email from CSI with a link to register and select their payment preferences. CSI copies you in this email. The registration link in the email is valid for 3 days.
CSI sends you a confirmation email after the supplier registers for their preferred payment method. If a supplier registers for ACH payments, CSI sends this email after the ACH penny test is successfully completed. |
| Supplier ACH | 5-10 days |
It takes CSI about 5-10 business days to perform a penny test and add the ACH account, assuming there are not any errors. This payment service only supports ACH payments to suppliers who are companies, not individual persons.
|
*The overall setup time for this payment service can range from 30-90 days from the initial subscription date.
Payment timing
| Payment method | Cut-off time | Funding | Estimated time for supplier to receive payment |
|---|---|---|---|
| Cheque delivery | 4pm EST* |
N/A (mailed next business day) |
3-5 business days after cut-off |
| ACH | 6pm EST* | 72 hours** | 5-10 business days after cut-off |
| Virtual card | 6pm EST* | 72 hours** | 5-10 business days after cut-off |
*Funds requested from batches approved after the cut-off time will be processed the following day, so add one day to the overall timeline.
**Some banks might show the debit the same day with an Effective Day of the next business day.
