General contractors get paid faster with online payments. Once you start accepting payments online through Ivy, you can access your money in just 2-3 business days. 

Ivy works with Adyen to process online payments. Adyen is one of the largest and most secure payment processing companies in the world.

Here’s how Adyen processes payments:

  1. Your client pays by credit card on a scheduled payment. 
  2. The payment is processed on Adyen. Adyen deducts the processing fee from the payment (3.0% for credit card payments).
  3. Adyen transfers the funds to your bank account, which takes approximately 2-3 business days. Payments are bundled into payouts at the end of the day UTC and sent out early in the morning UTC. By this logic, let's say you received a payment at 9:00pm PST on April 24th, which is early morning UTC on the 25th, we'd expect to see that payout occur by the end of the day on the 27th UTC.
  4. Your bank posts the funds in your account. Most banks do this immediately when they receive the transfer from Adyen, while other banks can sometimes take a day or so to post the funds.
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