Why does it take 8-10 business days for VendorPay payments to be deposited into my bank account?

Felicia -

For VendorPay, we invoice companies for their notary payments and then 2 business days later, process their payments and notify you that we've started your payment transfer. It takes some time for the company's payment to clear, which is what takes the most time in the VendorPay process.

We immediately then transfer the company's payment to you - this part of the process actually only takes 1-2 business days.

In total, the time that it takes for a company's payment to clear (this is when we notify you of your direct deposit payment) and the actual transfer time into your bank account can take between 8-10 days.

If you'd like to learn more about the payment cycles for VendorPay, please see the first paragraph of our VendorPay FAQ

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